Crane NXT Co (CXT)
Total asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,905,100 | 3,921,400 | 3,903,600 | 3,885,200 | 3,913,800 | 2,311,100 | 2,869,800 | 3,391,300 | 3,299,400 | 3,212,500 | 3,005,200 | 2,794,000 | 2,761,300 | 2,915,200 | 3,001,000 | 3,198,300 | 3,283,100 | 3,285,200 | 3,368,700 | 3,378,100 |
| Total assets | US$ in thousands | 2,129,400 | 2,094,100 | 2,195,000 | 4,336,000 | 2,129,400 | 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 | 4,423,700 | 4,158,500 | 4,141,800 | 4,142,300 |
| Total asset turnover | 0.89 | 1.87 | 1.78 | 0.90 | 1.84 | 0.56 | 0.64 | 0.78 | 0.74 | 0.72 | 0.68 | 0.61 | 0.60 | 0.63 | 0.65 | 0.72 | 0.74 | 0.79 | 0.81 | 0.82 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,905,100K ÷ $2,129,400K
= 0.89
The total asset turnover ratio measures the efficiency with which a company utilizes its assets to generate revenue. A higher ratio indicates that the company is generating more sales for each unit of assets it owns. Crane NXT Co's total asset turnover ratio has fluctuated over the past few quarters, ranging from as low as 0.56 to as high as 1.87.
In the most recent quarter, the total asset turnover ratio was 0.89, indicating that for every dollar of assets, Crane NXT Co generated $0.89 in sales. This suggests a decrease in asset efficiency compared to the previous quarter where the ratio was 1.87, which implies that the company was more effective in utilizing its assets to generate revenue.
Looking at the trend over the past several quarters, it is evident that Crane NXT Co's total asset turnover ratio has been inconsistent. This inconsistency could be attributed to various factors such as changes in sales volume, asset base, or management efficiency. Further analysis would be required to identify the specific reasons behind these fluctuations and assess the implications for the company's overall operational performance and financial health.
Peer comparison
Dec 31, 2023