Crane NXT Co (CXT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,486,800 | 1,391,300 | 3,374,900 | 3,408,000 | 2,936,900 |
| Total assets | US$ in thousands | 2,386,500 | 2,129,400 | 4,390,200 | 4,486,600 | 4,588,900 |
| Total asset turnover | 0.62 | 0.65 | 0.77 | 0.76 | 0.64 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,486,800K ÷ $2,386,500K
= 0.62
Total asset turnover is a key financial ratio that measures a company's efficiency in generating revenue from its assets. In the case of Crane NXT Co, the total asset turnover has shown some fluctuations over the past five years.
In December 2020, the total asset turnover was 0.64, indicating that the company generated $0.64 in revenue for every $1 of total assets. This ratio increased to 0.76 in December 2021 and further to 0.77 in December 2022, suggesting improved efficiency in asset utilization. However, there was a slight decrease in December 2023 to 0.65 and a further decline to 0.62 in December 2024.
The increasing trend from 2020 to 2022 reflects potential improvements in operational efficiency and better utilization of assets to generate sales. However, the subsequent decline in 2023 and 2024 may indicate challenges in maintaining or improving this efficiency over time.
Overall, Crane NXT Co's total asset turnover has shown some variability, and further analysis of the company's asset management and revenue generation strategies may be needed to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2024