BWX Technologies Inc (BWXT)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,450,040 | 2,189,500 | 2,093,650 | 2,093,260 | 1,857,780 |
| Total assets | US$ in thousands | 2,747,060 | 2,618,940 | 2,501,380 | 2,293,500 | 1,908,910 |
| Total asset turnover | 0.89 | 0.84 | 0.84 | 0.91 | 0.97 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,450,040K ÷ $2,747,060K
= 0.89
Total asset turnover measures the efficiency with which BWX Technologies Inc generates sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is able to generate more sales from its assets.
Over the past five years, BWX Technologies Inc's total asset turnover has fluctuated, ranging from 0.85 to 0.99. In 2023, the total asset turnover ratio decreased to 0.91 from 0.85 in 2022. This indicates that in 2023, the company generated $0.91 in sales for every $1 of total assets.
The decrease in total asset turnover from 2022 to 2023 may suggest a decrease in the company's overall efficiency in generating sales from its assets. Further analysis is required to understand the factors contributing to this change in performance.
In comparison to 2020 and 2021, when the total asset turnover was 0.93 and 0.85 respectively, the company's ability to generate sales from its assets has shown some fluctuations in recent years. However, the total asset turnover ratio of 0.91 in 2023 still indicates that BWX Technologies Inc is effectively utilizing its assets to generate sales revenue.
Peer comparison
Dec 31, 2023