BWX Technologies Inc (BWXT)
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 | 2,461,109 | 2,359,771 | 2,296,043 | 2,241,705 | 2,207,851 | 2,175,649 | 2,148,807 | 2,097,802 | 2,095,349 | 2,060,284 | 2,085,217 | 2,086,976 | 2,099,983 | 2,044,308 | 2,029,279 | 1,994,162 | 2,284,126 | 2,260,889 | 2,189,248 | 2,166,631 |
| Total assets | US$ in thousands | 2,747,060 | 2,776,840 | 2,740,570 | 2,718,910 | 2,618,940 | 2,672,060 | 2,705,520 | 2,569,110 | 2,501,380 | 2,489,710 | 2,566,400 | 2,351,910 | 2,293,500 | 2,124,310 | 1,971,360 | 1,966,600 | 1,908,910 | 1,826,420 | 1,756,480 | 1,716,790 |
| Total asset turnover | 0.90 | 0.85 | 0.84 | 0.82 | 0.84 | 0.81 | 0.79 | 0.82 | 0.84 | 0.83 | 0.81 | 0.89 | 0.92 | 0.96 | 1.03 | 1.01 | 1.20 | 1.24 | 1.25 | 1.26 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,461,109K ÷ $2,747,060K
= 0.90
The total asset turnover ratio of BWX Technologies Inc has shown a generally increasing trend over the past eight quarters, with values ranging from 0.80 to 0.91. This indicates that the company is becoming more efficient in generating sales revenue relative to its total assets.
The ratio measures the company's ability to utilize its assets to generate revenue, with higher values suggesting better asset utilization. The increasing trend in total asset turnover indicates that BWX Technologies Inc has been more effective in generating sales with its existing asset base over time.
However, it's important to note that the ratio fluctuates from quarter to quarter, suggesting that there may be variations in the company's efficiency in asset utilization. Further analysis and comparison with industry benchmarks would provide more insight into the company's performance and competitiveness in utilizing its assets effectively to drive revenue growth.
Peer comparison
Dec 31, 2023