Dorman Products Inc (DORM)

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	1,893,680	1,901,551	1,836,706	1,784,557	1,718,167	1,624,260	1,560,827	1,455,608	1,343,272	1,247,556	1,200,483	1,123,030	1,095,246	1,033,597	986,773	1,007,766	991,329	1,012,103	1,006,261	1,228,380
Total assets	US$ in thousands	2,292,410	2,260,350	2,256,840	2,260,660	2,341,790	1,801,210	1,761,170	1,724,300	1,673,120	1,615,850	1,269,480	1,264,270	1,220,660	1,158,830	1,179,650	1,152,780	1,041,070	1,016,820	1,016,260	927,482
Total asset turnover		0.83	0.84	0.81	0.79	0.73	0.90	0.89	0.84	0.80	0.77	0.95	0.89	0.90	0.89	0.84	0.87	0.95	1.00	0.99	1.32

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,893,680K ÷ $2,292,410K
= 0.83

The total asset turnover ratio for Dorman Products Inc has exhibited some fluctuations over the past eight quarters. The ratio ranged from a low of 0.74 in Q4 2022 to a high of 0.91 in Q3 2022, indicating variability in how effectively the company is utilizing its assets to generate revenue.

The declining trend in total asset turnover from Q3 2022 to Q1 2023 (0.91 to 0.80) suggests a potential decrease in the efficiency of generating sales from its total assets during this period. However, there was a slight increase in Q2 and Q3 2023, with the ratio reaching 0.83 and 0.86 respectively, indicating a modest improvement in asset utilization efficiency.

Overall, the company's total asset turnover ratio has been relatively stable around the 0.80-0.91 range, with some variability in recent quarters. Further analysis of the company's operations and industry benchmarks may be necessary to better understand the factors influencing these fluctuations and to assess the company's overall asset management efficiency.