Balchem Corporation (BCPC)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 953,684 | 942,379 | 932,387 | 929,558 | 922,439 | 926,271 | 940,590 | 946,031 | 942,358 | 922,960 | 876,562 | 842,234 | 799,023 | 766,603 | 743,874 | 714,864 | 703,644 | 689,458 | 672,913 | 661,112 |
| Total assets | US$ in thousands | 1,575,370 | 1,596,940 | 1,574,970 | 1,588,700 | 1,625,140 | 1,603,480 | 1,619,230 | 1,628,760 | 1,624,510 | 1,633,010 | 1,606,670 | 1,194,910 | 1,199,320 | 1,179,350 | 1,173,610 | 1,169,220 | 1,165,840 | 1,161,340 | 1,151,260 | 1,162,110 |
| Total asset turnover | 0.61 | 0.59 | 0.59 | 0.59 | 0.57 | 0.58 | 0.58 | 0.58 | 0.58 | 0.57 | 0.55 | 0.70 | 0.67 | 0.65 | 0.63 | 0.61 | 0.60 | 0.59 | 0.58 | 0.57 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $953,684K ÷ $1,575,370K
= 0.61
Balchem Corporation's total asset turnover has shown a general upward trend over the reported periods, starting at 0.57 in March 2020 and reaching 0.61 in March 2021. There was a noticeable increase to 0.67 by December 2021, indicating improved efficiency in generating sales from its assets. However, the ratio decreased slightly in the following periods, settling at 0.61 by December 2024. The fluctuations suggest variability in how effectively the company is utilizing its assets to generate revenue. Overall, the total asset turnover ratio demonstrates Balchem Corporation's ability to efficiently generate sales in relation to its total assets, albeit with some fluctuations in performance over time.
Peer comparison
Dec 31, 2024