ESAB Corp (ESAB)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,740,803 | 2,759,395 | 2,767,141 | 2,780,510 | 2,774,766 | 2,749,545 | 2,688,814 | 2,629,569 | 2,593,480 | 2,553,568 | 2,539,271 | 2,507,898 | 2,428,115 |
| Total assets | US$ in thousands | 4,033,980 | 4,084,530 | 3,967,110 | 3,827,490 | 3,828,630 | 3,756,040 | 3,862,840 | 3,849,140 | 3,754,020 | 3,539,900 | 3,673,700 | 3,781,350 | 3,461,260 |
| Total asset turnover | 0.68 | 0.68 | 0.70 | 0.73 | 0.72 | 0.73 | 0.70 | 0.68 | 0.69 | 0.72 | 0.69 | 0.66 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,740,803K ÷ $4,033,980K
= 0.68
ESAB Corp's total asset turnover has demonstrated relatively stable performance over the reporting periods from December 31, 2021, to December 31, 2024. The total asset turnover ratio ranged between 0.66 and 0.73, indicating that, on average, the company generated between $0.66 and $0.73 in sales for every dollar of total assets invested.
The trend shows a slight improvement in total asset turnover from the beginning of 2023 to the end of 2024, peaking at 0.73. This suggests that ESAB Corp has become more efficient in utilizing its assets to generate revenue over time, which may indicate better operational efficiency or improved sales strategies.
Overall, an increasing total asset turnover ratio reflects positively on the company's ability to generate sales relative to its asset base, implying effective asset management. However, it would be beneficial to compare ESAB Corp's total asset turnover with industry averages or its historical performance to gain deeper insights into its efficiency in utilizing assets to drive revenue.
Peer comparison
Dec 31, 2024