DXP Enterprises Inc (DXPE)
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 | 1,624,653 | 1,630,258 | 1,604,174 | 1,550,194 | 1,451,697 | 1,344,867 | 1,248,616 | 1,166,773 | 1,093,114 | 1,037,874 | 970,085 | 937,202 | 993,218 | 1,056,018 | 1,161,769 | 1,242,731 | 1,252,318 | 1,267,818 | 1,248,873 | 1,225,530 |
| Total assets | US$ in thousands | 1,177,440 | 1,045,100 | 1,034,430 | 1,053,160 | 1,037,280 | 996,075 | 984,024 | 902,315 | 894,227 | 912,957 | 901,580 | 911,517 | 868,131 | 736,718 | 783,130 | 791,691 | 788,220 | 791,554 | 786,607 | 775,207 |
| Total asset turnover | 1.38 | 1.56 | 1.55 | 1.47 | 1.40 | 1.35 | 1.27 | 1.29 | 1.22 | 1.14 | 1.08 | 1.03 | 1.14 | 1.43 | 1.48 | 1.57 | 1.59 | 1.60 | 1.59 | 1.58 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,624,653K ÷ $1,177,440K
= 1.38
DXP Enterprises Inc's total asset turnover has shown some fluctuations over the past few years. The ratio has generally been on an increasing trend since the beginning of 2020 until the most recent value at the end of 2023.
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
The ratio has ranged from a low of 1.03 in March 2021 to a high of 1.60 in March 2019. The company's total asset turnover has been consistently above 1, indicating that DXP Enterprises Inc is effectively using its assets to drive sales.
Overall, the increasing trend in total asset turnover over the past few years suggests that the company has been able to improve its efficiency in utilizing its assets to generate sales revenue. However, further analysis and comparison with industry peers would provide a more comprehensive assessment of DXP Enterprises Inc's asset utilization efficiency.
Peer comparison
Dec 31, 2023