Dorman Products Inc (DORM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,009,200 | 1,929,790 | 1,733,750 | 1,345,250 | 1,092,750 |
| Total assets | US$ in thousands | 2,424,520 | 2,292,410 | 2,341,790 | 1,673,120 | 1,220,660 |
| Total asset turnover | 0.83 | 0.84 | 0.74 | 0.80 | 0.90 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,009,200K ÷ $2,424,520K
= 0.83
Dorman Products Inc's total asset turnover ratio has shown a declining trend over the past five years. It decreased from 0.90 in December 31, 2020, to 0.80 in December 31, 2021, further dropping to 0.74 in December 31, 2022. However, there was a slight improvement in the ratio to 0.84 in December 31, 2023, followed by a marginal decrease to 0.83 in December 31, 2024. This indicates that the company is generating fewer sales relative to its total assets, which could suggest inefficiency in asset utilization. Further analysis is needed to understand the underlying reasons for this declining trend and to identify potential areas for improvement.
Peer comparison
Dec 31, 2024