ESAB Corp (ESAB)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,740,800 | 2,774,770 | 2,593,480 | 2,428,120 | 1,950,070 |
| Total assets | US$ in thousands | 4,033,980 | 3,828,630 | 3,754,020 | 3,461,260 | 3,385,830 |
| Total asset turnover | 0.68 | 0.72 | 0.69 | 0.70 | 0.58 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,740,800K ÷ $4,033,980K
= 0.68
ESAB Corp's total asset turnover has shown variations over the past five years. In 2020, the total asset turnover was 0.58, indicating that the company generated $0.58 in sales for every $1 of total assets. Over the subsequent years, there was a gradual improvement, with the ratio reaching 0.70 in 2021, 0.69 in 2022, and further increasing to 0.72 in 2023. However, in 2024, the total asset turnover decreased slightly to 0.68.
Overall, ESAB Corp's total asset turnover has generally been on an upward trend, suggesting that the company has become more efficient in generating sales relative to its total assets. This improvement could indicate better asset utilization or increased productivity, which are positive signs for the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024