Century Aluminum Company (CENX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,222,300 | 2,123,600 | 5,722,400 | 4,157,500 | 1,605,100 |
| Total assets | US$ in thousands | 1,939,400 | 1,846,500 | 1,472,000 | 1,569,900 | 1,399,600 |
| Total asset turnover | 1.15 | 1.15 | 3.89 | 2.65 | 1.15 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,222,300K ÷ $1,939,400K
= 1.15
The total asset turnover of Century Aluminum Company has shown significant fluctuations over the period provided. In December 31, 2020, the total asset turnover was 1.15, indicating that the company generated $1.15 in revenue for every $1 of assets. This ratio increased substantially to 2.65 by December 31, 2021, implying improved efficiency in asset utilization.
By December 31, 2022, the total asset turnover further rose to 3.89, signaling a remarkable increase in revenue generation relative to its total assets. However, in subsequent years, the total asset turnover reverted back to 1.15 in December 31, 2023 and maintained this level in December 31, 2024.
The variations in total asset turnover suggest fluctuations in the company's ability to generate revenue from its asset base. The increase in 2021 and 2022 could indicate better operational efficiency or higher sales volume, while the decline in the following years may signal potential challenges or changes in the business environment. Further analysis of operating performance and asset management practices is recommended to better understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2024