Badger Meter Inc (BMI)
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 | 826,558 | 803,816 | 781,571 | 740,771 | 703,592 | 668,476 | 630,292 | 592,267 | 565,568 | 553,992 | 534,721 | 519,757 | 505,197 | 481,778 | 466,627 | 434,877 | 425,543 | 420,770 | 415,829 | 428,252 |
| Total assets | US$ in thousands | 816,413 | 802,861 | 781,260 | 743,474 | 716,919 | 689,757 | 659,252 | 633,403 | 603,047 | 574,373 | 560,031 | 545,938 | 530,818 | 515,047 | 499,016 | 486,295 | 468,380 | 448,636 | 439,533 | 430,956 |
| Total asset turnover | 1.01 | 1.00 | 1.00 | 1.00 | 0.98 | 0.97 | 0.96 | 0.94 | 0.94 | 0.96 | 0.95 | 0.95 | 0.95 | 0.94 | 0.94 | 0.89 | 0.91 | 0.94 | 0.95 | 0.99 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $826,558K ÷ $816,413K
= 1.01
Badger Meter Inc's total asset turnover ratio has shown a relatively stable trend over the past few years. The ratio indicates how efficiently the company generates sales revenue from its total assets. From March 31, 2020, to December 31, 2024, the total asset turnover ratio fluctuated within a narrow range, starting at 0.99 in March 2020 and gradually increasing to 1.01 by December 2024.
The slight variation in the total asset turnover ratio suggests that Badger Meter Inc has been effectively utilizing its assets to generate sales revenue. A ratio greater than 1 indicates that the company is generating more in sales relative to its total assets, which is generally considered positive as it implies efficient asset utilization.
It is important to monitor the total asset turnover ratio over time to assess the company's operational efficiency and its ability to maximize revenue generation from its asset base. The increasing trend towards the end of the period may suggest improvements in operational efficiency or changes in the company's asset management strategies.
Peer comparison
Dec 31, 2024