Belden Inc (BDC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,460,980 | 2,512,080 | 2,606,480 | 2,301,260 | 1,752,190 |
| Total assets | US$ in thousands | 3,327,940 | 3,240,190 | 3,161,680 | 3,417,680 | 3,139,730 |
| Total asset turnover | 0.74 | 0.78 | 0.82 | 0.67 | 0.56 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,460,980K ÷ $3,327,940K
= 0.74
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. In the case of Belden Inc, the trend in total asset turnover over the past five years shows an improvement from 0.56 in December 31, 2020, to 0.74 in December 31, 2024. This indicates that Belden Inc has been able to generate more revenue relative to its total assets over the years.
However, it's worth noting that there was a fluctuation in the total asset turnover during this period, with the ratio peaking at 0.82 in December 31, 2022, and dropping to 0.74 in December 31, 2024. This fluctuation may suggest changes in the company's asset utilization efficiency, which could be attributed to various factors such as changes in business operations, asset management strategies, or market conditions.
Overall, the increasing trend in total asset turnover for Belden Inc indicates an improvement in the company's ability to generate revenue from its assets, but the fluctuations in the ratio over the years suggest the need for further investigation into the factors influencing this metric.
Peer comparison
Dec 31, 2024