BWX Technologies Inc (BWXT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,700,960 | 2,450,040 | 2,189,500 | 2,093,650 | 2,093,260 |
| Total assets | US$ in thousands | 2,869,920 | 2,747,060 | 2,618,940 | 2,501,380 | 2,293,500 |
| Total asset turnover | 0.94 | 0.89 | 0.84 | 0.84 | 0.91 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,700,960K ÷ $2,869,920K
= 0.94
Total asset turnover is a key financial ratio that measures a company's efficiency in generating revenue from its total assets. For BWX Technologies Inc, the total asset turnover ratios over the past five years have shown a slight fluctuation.
In December 31, 2020, the total asset turnover ratio was 0.91, indicating that the company generated $0.91 in revenue for every dollar of assets it held that year. This ratio decreased to 0.84 in both December 31, 2021 and December 31, 2022, suggesting a decline in revenue generation efficiency from the company's assets during these periods.
However, in December 31, 2023, there was a slight improvement in the total asset turnover ratio to 0.89, indicating a better utilization of assets to generate revenue. The trend continued positively in December 31, 2024, with a total asset turnover ratio of 0.94, suggesting the company was able to generate more revenue per dollar of assets.
Overall, while there were some fluctuations in the total asset turnover ratio for BWX Technologies Inc over the five-year period, the upward trend in the later years indicates an improvement in efficiency in generating revenue from the company's assets. Further analysis and comparison with industry benchmarks would provide more insights into the company's operational performance and asset utilization.
Peer comparison
Dec 31, 2024