CTS Corporation (CTS)

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	515,701	512,960	515,088	530,178	550,422	568,009	585,368	585,168	586,869	577,119	547,590	532,193	512,925	503,412	494,807	449,419	424,067	416,089	417,963	454,450
Total assets	US$ in thousands	766,112	789,392	725,622	732,840	741,167	753,962	755,906	747,007	748,487	734,679	729,634	684,746	664,462	651,973	647,298	634,665	626,049	655,853	663,389	685,165
Total asset turnover		0.67	0.65	0.71	0.72	0.74	0.75	0.77	0.78	0.78	0.79	0.75	0.78	0.77	0.77	0.76	0.71	0.68	0.63	0.63	0.66

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $515,701K ÷ $766,112K
= 0.67

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It is calculated by dividing a company's total revenue by its average total assets. A higher total asset turnover ratio indicates that the company is more efficient in using its assets to generate sales.

Analyzing the total asset turnover trend of CTS Corporation from March 31, 2020, to December 31, 2024, reveals fluctuations in the ratio. The ratio started at 0.66 in March 2020 and decreased slightly to 0.63 by June 2020 before staying relatively stable at the same level in the following quarters.

There was a noticeable improvement in total asset turnover from March 31, 2021 (0.71) to June 30, 2022 (0.75), signaling that CTS Corporation was able to generate more revenue relative to its assets during this period. However, the ratio peaked at 0.79 on September 30, 2022, before slightly decreasing to 0.74 by December 31, 2023.

In the last quarter of the data set, the total asset turnover ratio settled at 0.67 on December 31, 2024. Overall, the trend of total asset turnover for CTS Corporation shows fluctuation over the period, with some improvements and declines along the way. Monitoring this metric can provide insights into the company's efficiency in utilizing its assets to generate sales and may indicate areas for potential performance enhancement.