Columbia Sportswear Company (COLM)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,508,870 | 3,486,170 | 3,144,770 | 2,501,550 | 3,042,480 |
| Total assets | US$ in thousands | 2,939,010 | 3,051,550 | 3,067,130 | 2,836,570 | 2,931,590 |
| Total asset turnover | 1.19 | 1.14 | 1.03 | 0.88 | 1.04 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,508,870K ÷ $2,939,010K
= 1.19
Columbia Sportswear Co.'s total asset turnover has shown a generally positive trend over the last five years, indicating an improvement in the company's efficiency in generating sales from its total assets. The ratio has steadily increased from 1.04 in 2019 to 1.19 in 2023. This suggests that the company is better utilizing its assets to generate revenue, as each dollar of assets is generating more sales over time.
The increase in total asset turnover indicates that Columbia Sportswear Co. has been able to effectively manage and deploy its assets to support its revenue growth. It signifies improved operational efficiency and asset utilization, which can positively impact the company's profitability and overall financial performance. Overall, the trend in total asset turnover reflects positively on Columbia Sportswear Co.'s ability to efficiently use its total assets to drive sales growth.
Peer comparison
Dec 31, 2023