PC Connection Inc (CNXN)
Total asset turnover
| Dec 31, 2024 | Sep 30, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,806,655 | 2,795,924 | 2,762,593 | 2,759,661 | 2,850,161 | 2,886,154 | 2,968,760 | 3,063,722 | 3,124,985 | 3,192,747 | 3,168,423 | 3,044,075 | 2,892,633 | 2,768,107 | 2,669,491 | 2,515,332 | 2,590,290 | 2,631,231 | 2,707,889 | 2,898,963 |
| Total assets | US$ in thousands | 1,299,350 | 1,285,740 | 1,283,480 | 1,161,060 | 1,188,380 | 1,181,430 | 1,164,280 | 1,118,060 | 1,099,830 | 1,134,120 | 1,123,630 | 1,100,820 | 1,083,380 | 1,013,930 | 1,031,270 | 958,386 | 1,015,370 | 1,003,330 | 954,340 | 913,192 |
| Total asset turnover | 2.16 | 2.17 | 2.15 | 2.38 | 2.40 | 2.44 | 2.55 | 2.74 | 2.84 | 2.82 | 2.82 | 2.77 | 2.67 | 2.73 | 2.59 | 2.62 | 2.55 | 2.62 | 2.84 | 3.17 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,806,655K ÷ $1,299,350K
= 2.16
The total asset turnover ratio of PC Connection Inc has exhibited some fluctuations over the years, indicating the company's efficiency in generating sales from its assets. The ratio has ranged from a high of 3.17 in March 2020 to a low of 2.15 in June 2024.
Overall, the trend shows a gradual decline in total asset turnover from 2020 to 2024, with some minor fluctuations in between. This suggests that the company's ability to utilize its assets to generate revenue has slightly weakened over the years.
While the ratio has experienced some ups and downs, it has generally stayed within a relatively close range, indicating a consistent performance in terms of asset utilization. However, management may need to further analyze the factors impacting asset turnover to ensure optimal utilization and potentially improve efficiency in the future.
Peer comparison
Dec 31, 2024