Crane NXT Co (CXT)
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 | 1,486,800 | 1,444,600 | 1,394,000 | 1,375,800 | 1,905,100 | 2,372,300 | 2,834,500 | 2,816,100 | 2,844,700 | 2,845,800 | 2,924,500 | 3,386,900 | 3,348,900 | 3,207,300 | 3,000,000 | 2,847,900 | 2,761,300 | 2,915,200 | 3,001,000 | 3,198,300 |
| Total assets | US$ in thousands | 2,386,500 | 2,410,600 | 2,387,500 | 2,098,700 | 2,129,400 | 2,094,100 | 2,195,000 | 4,336,000 | 4,390,200 | 4,132,400 | 4,499,100 | 4,353,200 | 4,486,600 | 4,474,500 | 4,423,200 | 4,586,500 | 4,615,000 | 4,623,000 | 4,630,300 | 4,464,600 |
| Total asset turnover | 0.62 | 0.60 | 0.58 | 0.66 | 0.89 | 1.13 | 1.29 | 0.65 | 0.65 | 0.69 | 0.65 | 0.78 | 0.75 | 0.72 | 0.68 | 0.62 | 0.60 | 0.63 | 0.65 | 0.72 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,486,800K ÷ $2,386,500K
= 0.62
Crane NXT Co's total asset turnover ratio has shown some fluctuations over the period analyzed. From March 31, 2020, to June 30, 2022, the ratio ranged between 0.60 and 0.78, indicating that for each dollar of total assets, the company generated sales turnover within that range.
There was a significant spike in total asset turnover on June 30, 2023, reaching 1.29, which suggests that the company efficiently utilized its assets to generate sales during that period. However, this peak was followed by a decrease to 0.89 by December 31, 2023.
The total asset turnover ratio for the remaining period continued to fluctuate between 0.58 and 0.69, indicating varying levels of efficiency in asset utilization. Overall, the company experienced changes in how effectively it converted its total assets into revenue, reflecting potential shifts in operations or industry conditions.
Peer comparison
Dec 31, 2024