CSW Industrials Inc (CSWI)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 841,284 | 817,011 | 794,193 | 777,621 | 773,747 | 761,286 | 757,853 | 735,524 | 700,717 | 665,110 | 626,436 | 586,536 | 540,182 | 489,537 | 419,236 | 384,436 | 378,220 | 374,604 | 385,973 | 378,873 |
| Total assets | US$ in thousands | 1,359,300 | 1,050,530 | 1,043,330 | 993,131 | 1,011,310 | 1,033,100 | 1,043,450 | 1,047,670 | 1,021,390 | 1,017,920 | 995,360 | 950,045 | 903,022 | 904,242 | 879,522 | 880,577 | 391,667 | 874,957 | 374,059 | 380,694 |
| Total asset turnover | 0.62 | 0.78 | 0.76 | 0.78 | 0.77 | 0.74 | 0.73 | 0.70 | 0.69 | 0.65 | 0.63 | 0.62 | 0.60 | 0.54 | 0.48 | 0.44 | 0.97 | 0.43 | 1.03 | 1.00 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $841,284K ÷ $1,359,300K
= 0.62
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its assets. A higher total asset turnover indicates that the company is more efficient in using its assets to generate sales.
Based on the data provided for CSW Industrials Inc, we can see that the total asset turnover has fluctuated over the past years. The ratio has ranged from 0.43 to 1.03, with the highest being in Dec 2019 and the lowest in Mar 2021. This suggests that the company's efficiency in generating sales from its assets has varied over time.
In recent periods, the total asset turnover has generally been in the range of 0.60 to 0.78. While there has been some fluctuation, the ratio has shown relative stability in this range. This indicates that CSW Industrials Inc has been consistent in utilizing its assets to generate sales revenue, with a moderate level of efficiency.
Overall, the trend in total asset turnover for CSW Industrials Inc shows that the company has been able to effectively utilize its assets to generate sales revenue, with fluctuations that may be influenced by changes in business operations, market conditions, or strategic decisions.
Peer comparison
Sep 30, 2024