Carpenter Technology Corporation (CRS)
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 | Sep 30, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,756,000 | 3,797,300 | 3,802,500 | 3,757,400 | 3,628,400 | 2,335,500 | 2,122,700 | 1,929,400 | 1,783,800 | 1,653,000 | 1,518,600 | 1,473,100 | 1,423,200 | 1,447,900 | 1,686,200 | 1,913,600 | 2,166,400 | 2,370,500 | 2,391,900 | 2,373,400 |
| Total assets | US$ in thousands | 3,291,700 | 3,176,200 | 3,159,200 | 3,076,800 | 3,053,900 | 3,094,300 | 3,056,500 | 2,939,900 | 2,932,300 | 3,230,200 | 2,879,900 | 2,959,900 | 2,971,200 | 3,011,000 | 3,043,900 | 3,128,700 | 3,227,200 | 3,429,400 | 3,403,600 | 3,341,500 |
| Total asset turnover | 0.84 | 1.20 | 1.20 | 1.22 | 1.19 | 0.75 | 0.69 | 0.66 | 0.61 | 0.51 | 0.53 | 0.50 | 0.48 | 0.48 | 0.55 | 0.61 | 0.67 | 0.69 | 0.70 | 0.71 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,756,000K ÷ $3,291,700K
= 0.84
Total asset turnover measures how efficiently a company is utilizing its total assets to generate revenue. It is calculated by dividing total revenue by average total assets.
Looking at Carpenter Technology Corporation's total asset turnover over the past few quarters, we can see fluctuations in the ratio.
The ratio has been increasing steadily from the low point of 0.48 in March 2021 to a peak of 1.22 in September 2023, indicating that the company was generating more revenue relative to its assets during this period. However, the ratio then dipped to 0.75 in March 2023 before recovering to 1.20 in March 2024.
Overall, while there have been fluctuations, the company seems to be improving its efficiency in utilizing its total assets to generate revenue. A higher total asset turnover ratio is generally preferred as it signifies that the company is generating more revenue for each dollar invested in assets. The upward trend in recent quarters is a positive sign for the company's operational efficiency and management of its asset base.
Peer comparison
Jun 30, 2024