DXP Enterprises Inc (DXPE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,802,040 | 1,678,600 | 1,480,830 | 1,113,920 | 1,005,270 |
| Total assets | US$ in thousands | 1,349,490 | 1,177,440 | 1,037,280 | 906,192 | 851,861 |
| Total asset turnover | 1.34 | 1.43 | 1.43 | 1.23 | 1.18 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,802,040K ÷ $1,349,490K
= 1.34
The trend in DXP Enterprises Inc's total asset turnover over the years indicates an improvement in efficiency in utilizing its assets to generate revenue. The total asset turnover ratio increased steadily from 1.18 in December 31, 2020, to 1.43 in both December 31, 2022, and December 31, 2023, before slightly declining to 1.34 by December 31, 2024. This demonstrates that the company has been able to generate more revenue per dollar of assets employed, reflecting effective asset management and operational performance. Overall, the increasing total asset turnover ratio suggests an improvement in efficiency and productivity in utilizing the company's assets to drive revenue growth.
Peer comparison
Dec 31, 2024