Belden Inc (BDC)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,512,080 | 2,606,480 | 2,301,260 | 1,752,190 | 2,131,280 |
| Total assets | US$ in thousands | 3,240,190 | 3,161,680 | 3,417,680 | 3,139,730 | 3,406,760 |
| Total asset turnover | 0.78 | 0.82 | 0.67 | 0.56 | 0.63 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,512,080K ÷ $3,240,190K
= 0.78
Belden Inc's total asset turnover has fluctuated over the past five years, ranging from 0.59 in 2020 to 0.82 in 2022. The total asset turnover ratio measures how efficiently the company is utilizing its assets to generate sales. A higher ratio indicates that the company is generating more revenue for each dollar of assets it owns.
From the trend observed, there was an increase in total asset turnover from 0.59 in 2020 to 0.82 in 2022, indicating that Belden Inc improved its efficiency in utilizing assets to generate sales during that period. However, this trend reversed in 2023, as the total asset turnover decreased to 0.78.
The fluctuation in the total asset turnover ratio signifies changes in the company's asset management and sales generation strategies. It is essential for Belden Inc to closely monitor and manage its asset turnover to ensure optimal utilization of resources and maximize profitability. Further analysis and comparison with industry benchmarks may provide additional insights into Belden Inc's performance and competitiveness in the market.
Peer comparison
Dec 31, 2023