Century Aluminum Company (CENX)
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 | 2,676,000 | 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 | 1,888,000 | 1,931,800 | 1,928,700 |
| Total assets | US$ in thousands | 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 | 1,491,800 | 1,515,300 | 1,530,400 |
| Total asset turnover | 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 | 1.27 | 1.27 | 1.26 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,676,000K ÷ $1,846,500K
= 1.45
Century Aluminum Company's total asset turnover has shown fluctuations over the past few years, ranging from a low of 1.11 in March 2020 to a high of 3.89 in December 2022. Generally, a higher total asset turnover indicates that the company is generating more revenue for every dollar of assets it owns.
From March 2021 to June 2022, there was a consistent increase in total asset turnover, which peaked at 3.89 in December 2022. This suggests that Century Aluminum effectively utilized its assets to generate revenue during this period.
However, there was a noticeable drop in total asset turnover from December 2022 to March 2023, indicating a potential decrease in efficiency in generating revenue from assets during this period. The total asset turnover rebounded in the following quarters but remained below the peak level of December 2022.
Overall, Century Aluminum should continue monitoring its total asset turnover to ensure efficient utilization of assets to generate revenue and maintain a sustainable level of profitability.
Peer comparison
Dec 31, 2023