DXP Enterprises Inc (DXPE)
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 | 1,802,040 | 1,738,170 | 1,684,484 | 1,666,968 | 1,678,600 | 1,677,851 | 1,645,916 | 1,585,688 | 1,480,832 | 1,367,686 | 1,269,866 | 1,187,570 | 1,113,775 | 1,053,315 | 984,014 | 949,899 | 1,005,266 | 1,068,045 | 1,175,030 | 1,256,947 |
| Total assets | US$ in thousands | 1,349,490 | 1,231,440 | 1,189,150 | 1,184,160 | 1,177,440 | 1,045,100 | 1,034,430 | 1,053,160 | 1,037,280 | 996,075 | 984,890 | 902,315 | 906,192 | 912,957 | 902,397 | 869,482 | 851,861 | 736,718 | 783,130 | 791,691 |
| Total asset turnover | 1.34 | 1.41 | 1.42 | 1.41 | 1.43 | 1.61 | 1.59 | 1.51 | 1.43 | 1.37 | 1.29 | 1.32 | 1.23 | 1.15 | 1.09 | 1.09 | 1.18 | 1.45 | 1.50 | 1.59 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,802,040K ÷ $1,349,490K
= 1.34
The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue. DXP Enterprises Inc's total asset turnover has shown some fluctuations over the years, ranging from a high of 1.61 in September 30, 2023 to a low of 1.09 in March 31, 2021 and June 30, 2021.
The ratio has generally been above 1, indicating that DXP Enterprises is efficient in generating sales relative to its total assets. A higher total asset turnover ratio is typically preferred as it suggests that the company is effectively utilizing its assets to generate revenue.
It is important to note that a declining trend in the total asset turnover ratio may indicate that the company is becoming less efficient in utilizing its assets, which could be a cause for concern. However, fluctuations in this ratio can also be influenced by various factors such as changes in sales volume, asset base, or industry dynamics.
Overall, DXP Enterprises Inc's total asset turnover ratio has shown some variability but has generally remained at levels indicating decent efficiency in asset utilization for revenue generation over the observed period. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational performance.
Peer comparison
Dec 31, 2024