Belden Inc (BDC)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,512,084 | 2,619,913 | 2,663,597 | 2,637,903 | 2,606,485 | 2,559,372 | 2,493,642 | 2,402,948 | 2,301,260 | 2,077,317 | 1,948,395 | 1,797,349 | 1,752,192 | 1,913,864 | 1,971,123 | 2,094,664 | 2,131,278 | 2,133,642 | 2,154,581 | 2,167,127 |
| Total assets | US$ in thousands | 3,240,190 | 3,129,400 | 3,145,330 | 3,066,780 | 3,161,680 | 2,960,500 | 3,026,020 | 3,003,270 | 3,417,680 | 3,335,180 | 3,269,930 | 3,147,670 | 3,139,730 | 3,036,080 | 3,177,030 | 972,258 | 3,406,760 | 3,442,000 | 3,822,980 | 3,757,960 |
| Total asset turnover | 0.78 | 0.84 | 0.85 | 0.86 | 0.82 | 0.86 | 0.82 | 0.80 | 0.67 | 0.62 | 0.60 | 0.57 | 0.56 | 0.63 | 0.62 | 2.15 | 0.63 | 0.62 | 0.56 | 0.58 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,512,084K ÷ $3,240,190K
= 0.78
The total asset turnover ratio for Belden Inc has fluctuated over the past eight quarters. It ranged from a low of 0.78 in Q4 2023 to a high of 0.87 in Q3 2022. A total asset turnover ratio below 1 indicates that the company is generating less in sales relative to its total assets, while a ratio above 1 suggests that the company is generating more in sales relative to its total assets.
The trend in the total asset turnover ratio shows some variability, with peaks and troughs across the quarters. Although there is no clear pattern of improvement or deterioration, the company may want to investigate the factors driving these fluctuations to better utilize its assets and improve efficiency in generating sales. Further analysis of Belden Inc's operations and strategies may provide insights into how to optimize the utilization of its assets to enhance overall performance.
Peer comparison
Dec 31, 2023