Crane Company (CR)
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 | 2,131,200 | 2,276,600 | 2,209,500 | 2,137,900 | 2,415,500 | 2,706,700 | 2,991,700 | 3,346,400 | 3,304,600 | 3,251,000 | 3,269,400 | 3,201,500 | 3,233,900 | 3,189,800 | 3,091,100 | 2,972,600 | 2,937,000 | 3,048,100 | 3,085,600 | 3,249,300 |
| Total assets | US$ in thousands | 2,641,900 | 2,651,900 | 2,506,700 | 2,418,400 | 2,333,600 | 2,191,900 | 2,179,100 | 4,336,000 | 4,397,000 | 4,132,400 | 4,521,400 | 4,353,200 | 4,486,600 | 4,474,500 | 4,423,200 | 4,586,500 | 4,588,900 | 4,623,000 | 4,630,300 | 4,464,600 |
| Total asset turnover | 0.81 | 0.86 | 0.88 | 0.88 | 1.04 | 1.23 | 1.37 | 0.77 | 0.75 | 0.79 | 0.72 | 0.74 | 0.72 | 0.71 | 0.70 | 0.65 | 0.64 | 0.66 | 0.67 | 0.73 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,131,200K ÷ $2,641,900K
= 0.81
Total asset turnover of Crane Company has fluctuated over the past few years. It decreased from 0.73 on March 31, 2020, to 0.64 on December 31, 2020, indicating a decline in the company's efficiency in generating sales from its total assets during that period. However, there was a gradual improvement in total asset turnover from March 31, 2021, reaching a peak of 1.37 on June 30, 2023, before stabilizing around 0.88 by the end of 2024.
The significant increase in total asset turnover between March 31, 2023, and June 30, 2023, may suggest improved asset utilization or increased sales relative to the total assets deployed. However, the subsequent decline in total asset turnover in the following quarters indicates a potential decrease in sales relative to the company's total assets.
Overall, the trend in Crane Company's total asset turnover demonstrates varying levels of efficiency in utilizing its assets to generate revenue during the period under review. Investors and stakeholders may want to further investigate the factors driving these fluctuations to assess the company's operational performance and financial health.
Peer comparison
Dec 31, 2024