ESAB Corp (ESAB)
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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,774,766 | 2,749,545 | 2,688,814 | 2,629,569 | 2,593,480 | |||
| Total assets | US$ in thousands | 3,828,630 | 3,756,040 | 3,862,840 | 3,849,140 | 3,754,020 | 3,539,900 | 3,673,700 | 3,781,350 |
| Total asset turnover | 0.72 | 0.73 | 0.70 | 0.68 | 0.69 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,774,766K ÷ $3,828,630K
= 0.72
The total asset turnover of ESAB Corp has shown a relatively stable trend over the past five quarters, ranging from 0.68 to 0.73. This ratio indicates the effectiveness of the company in generating revenue in relation to its total assets. A total asset turnover of less than 1 suggests that the company is not efficiently utilizing its assets to generate sales. ESAB Corp's average total asset turnover for the period appears to be around 0.70, indicating that, on average, the company generates $0.70 in revenue for every dollar of total assets. Further analysis of the company's operational efficiency and asset management may be needed to understand the factors influencing this metric.
Peer comparison
Dec 31, 2023