Crane Company (CR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,131,200 | 2,086,400 | 3,374,900 | 3,180,000 | 2,936,900 |
| Total assets | US$ in thousands | 2,641,900 | 2,333,600 | 4,397,000 | 4,486,600 | 4,588,900 |
| Total asset turnover | 0.81 | 0.89 | 0.77 | 0.71 | 0.64 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,131,200K ÷ $2,641,900K
= 0.81
The total asset turnover ratio measures a company's ability to generate sales revenue from its total assets. For Crane Company, the total asset turnover has been gradually increasing over the years. In December 31, 2020, the total asset turnover was 0.64, indicating that for every dollar of assets, the company generated $0.64 in sales. By December 31, 2024, the total asset turnover had improved to 0.81, suggesting that the company was able to generate $0.81 in sales for each dollar of assets.
The increasing trend in total asset turnover indicates that Crane Company is becoming more efficient in utilizing its assets to generate revenue. This could be a positive sign of improved operational efficiency or effective asset management within the company. However, it is essential to monitor this ratio over time to ensure that the company continues to effectively utilize its assets to drive revenue growth.
Peer comparison
Dec 31, 2024