Belden Inc (BDC)
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 | 2,460,979 | 2,346,180 | 2,318,061 | 2,405,970 | 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 |
| Total assets | US$ in thousands | 3,327,940 | 3,340,450 | 3,522,600 | 3,119,310 | 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 |
| Total asset turnover | 0.74 | 0.70 | 0.66 | 0.77 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,460,979K ÷ $3,327,940K
= 0.74
The total asset turnover of Belden Inc has shown fluctuations over the periods analyzed, ranging from 0.56 to 2.15. A higher total asset turnover indicates that the company is generating more revenue for each dollar of assets it has, which can be seen in the spike in March 31, 2020. However, the total asset turnover has generally trended downwards since then, reaching its lowest point in December 31, 2021, and fluctuating between 0.56 and 0.86 until December 31, 2024.
The decreasing trend in total asset turnover may suggest that Belden Inc is becoming less efficient in utilizing its assets to generate sales. It may indicate issues such as underutilization of assets, inefficient operations, or declining revenue generation. Investors and analysts should further investigate the factors contributing to this trend to assess the company's operational efficiency and financial performance accurately.
Peer comparison
Dec 31, 2024