Badger Meter Inc (BMI)
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 | 706,241 | 671,125 | 631,849 | 592,988 | 565,654 | 554,078 | 534,685 | 519,723 | 505,169 | 481,750 | 466,659 | 434,884 | 425,526 | 420,753 | 415,700 | 428,070 | 424,345 | 421,202 | 422,957 | 433,148 |
| Total assets | US$ in thousands | 716,919 | 689,757 | 659,252 | 633,403 | 603,047 | 574,373 | 560,031 | 545,938 | 530,818 | 519,027 | 499,016 | 486,295 | 471,217 | 448,636 | 439,533 | 430,956 | 421,893 | 417,490 | 404,861 | 403,249 |
| Total asset turnover | 0.99 | 0.97 | 0.96 | 0.94 | 0.94 | 0.96 | 0.95 | 0.95 | 0.95 | 0.93 | 0.94 | 0.89 | 0.90 | 0.94 | 0.95 | 0.99 | 1.01 | 1.01 | 1.04 | 1.07 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $706,241K ÷ $716,919K
= 0.99
The total asset turnover ratio for Badger Meter Inc. has been relatively stable over the past eight quarters, ranging from 0.94 to 0.98. This ratio measures how efficiently the company is using its assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets.
In this case, Badger Meter Inc. has consistently maintained a total asset turnover ratio close to 1, which indicates that the company is effectively utilizing its assets to generate revenue. This suggests good asset management and efficiency in the company's operations.
Overall, the stability and relatively high levels of the total asset turnover ratio for Badger Meter Inc. indicate that the company is efficiently utilizing its assets to generate revenue, which is a positive indicator of its operational efficiency.
Peer comparison
Dec 31, 2023