Compass Minerals International Inc (CMP)

Total asset turnover

		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	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
Revenue (ttm)	US$ in thousands	1,092,700	1,095,400	1,143,100	1,155,100	1,182,300	1,183,600	1,218,100	1,200,100	1,140,300	1,364,300	1,241,900	1,185,100	1,235,700	1,213,500	1,404,600	1,467,000	1,461,500	1,439,800	1,426,000	1,409,000
Total assets	US$ in thousands	1,595,200	1,652,100	1,805,300	1,816,900	1,733,500	1,784,700	1,764,700	1,643,500	1,577,000	1,647,200	1,693,100	1,972,500	668,300	2,261,500	2,157,800	2,085,800	2,110,800	2,443,200	2,329,800	2,320,900
Total asset turnover		0.68	0.66	0.63	0.64	0.68	0.66	0.69	0.73	0.72	0.83	0.73	0.60	1.85	0.54	0.65	0.70	0.69	0.59	0.61	0.61

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,092,700K ÷ $1,595,200K
= 0.68

The total asset turnover of Compass Minerals International Inc has demonstrated some fluctuations over the past few quarters. The ratio ranged from 0.54 to 1.85, indicating a varying efficiency in utilizing its total assets to generate revenue during these periods. From the trend analysis, it can be observed that the total asset turnover ratio peaked at 1.85 in March 2021, signifying a significant level of asset utilization efficiency.

However, the ratio has since declined and fluctuated between 0.63 to 0.83 in the most recent quarters. This suggests some challenges in effectively generating revenue relative to the size of its asset base. Overall, the company's ability to generate sales from its total assets appears to have been inconsistent, highlighting potential inefficiencies or changes in the operating environment that may have impacted its asset utilization.