Century Aluminum Company (CENX)
Total asset turnover
| Dec 31, 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,222,300 | 2,115,300 | 2,134,400 | 2,676,000 | 3,086,000 | 3,954,300 | 5,317,700 | 5,722,400 | 6,099,900 | 5,800,200 | 4,820,100 | 4,157,500 | 3,208,300 | 2,521,800 | 1,964,500 | 1,605,100 | 1,651,500 | 1,696,600 | 1,767,800 | 1,836,600 |
| Total assets | US$ in thousands | 1,939,400 | 1,805,200 | 1,849,900 | 1,846,500 | 1,761,000 | 1,747,300 | 1,399,100 | 1,472,000 | 1,583,600 | 1,585,000 | 1,688,700 | 1,569,900 | 1,489,200 | 1,405,400 | 1,363,400 | 1,399,600 | 1,405,400 | 1,524,000 | 1,591,100 | 1,499,700 |
| Total asset turnover | 1.15 | 1.17 | 1.15 | 1.45 | 1.75 | 2.26 | 3.80 | 3.89 | 3.85 | 3.66 | 2.85 | 2.65 | 2.15 | 1.79 | 1.44 | 1.15 | 1.18 | 1.11 | 1.11 | 1.22 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,222,300K ÷ $1,939,400K
= 1.15
Century Aluminum Company's total asset turnover has shown fluctuating trends over the past few years.
The total asset turnover ratio is a measure of how efficiently the company is using its total assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets.
From December 2019 to June 2021, Century Aluminum experienced a steady increase in its total asset turnover, indicating an improvement in asset efficiency. The ratio nearly doubled from 1.22 to 1.79 during this period.
However, starting from September 2021, there was a significant surge in the total asset turnover ratio, reaching a peak of 3.89 by December 2022. This increase suggests that the company was utilizing its assets exceptionally well to generate revenue during this period.
Subsequently, from March 2023 to June 2024, the total asset turnover ratio experienced a declining trend, falling back to the range of 1.15 to 1.45. This could signify a decrease in asset efficiency in generating revenue during this period.
Overall, Century Aluminum's total asset turnover has shown both growth and variability, reflecting changes in the company's effectiveness in using its assets to generate sales revenue over the analyzed period.
Peer comparison
Dec 31, 2024