Dorman Products Inc (DORM)

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	2,009,197	1,969,721	1,954,134	1,931,751	1,929,788	1,936,773	1,862,057	1,798,908	1,733,749	1,630,644	1,565,600	1,458,816	1,345,249	1,248,289	1,200,483	1,123,030	1,092,748	1,031,099	984,275	1,005,268
Total assets	US$ in thousands	2,424,520	2,364,100	2,285,720	2,220,140	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
Total asset turnover		0.83	0.83	0.85	0.87	0.84	0.86	0.83	0.80	0.74	0.91	0.89	0.85	0.80	0.77	0.95	0.89	0.90	0.89	0.83	0.87

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,009,197K ÷ $2,424,520K
= 0.83

The total asset turnover ratio for Dorman Products Inc has varied over the periods indicated. The ratio measures how efficiently the company is utilizing its assets to generate sales. A higher total asset turnover ratio suggests that the company is generating more revenue per dollar of assets.

From March 31, 2020, to June 30, 2022, the total asset turnover ratio remained relatively stable, ranging from 0.83 to 0.95. This indicates that Dorman was effectively utilizing its assets to generate sales during this period.

However, a decline in the total asset turnover ratio was observed from September 30, 2022, to December 31, 2024, with the ratio fluctuating between 0.74 and 0.87. This may suggest that the company's efficiency in utilizing its assets to generate revenue decreased during this time frame.

Overall, Dorman Products Inc's total asset turnover ratio has shown fluctuations, indicating varying levels of efficiency in asset utilization over the analyzed periods. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's operational performance.