ESCO Technologies Inc (ESE)
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 | 959,068 | 947,264 | 931,693 | 903,174 | 880,215 | 852,649 | 802,596 | 765,775 | 728,079 | 714,210 | 717,564 | 707,792 | 720,752 | 727,651 | 756,279 | 782,930 | 797,707 | 810,997 | 805,425 | 799,855 |
| Total assets | US$ in thousands | 1,772,530 | 1,683,210 | 1,703,510 | 1,682,600 | 1,635,990 | 1,654,460 | 1,652,690 | 1,625,790 | 1,604,220 | 1,577,340 | 1,408,680 | 1,357,400 | 1,383,580 | 1,370,190 | 1,444,580 | 1,441,580 | 1,431,570 | 1,466,700 | 1,326,100 | 1,293,960 |
| Total asset turnover | 0.54 | 0.56 | 0.55 | 0.54 | 0.54 | 0.52 | 0.49 | 0.47 | 0.45 | 0.45 | 0.51 | 0.52 | 0.52 | 0.53 | 0.52 | 0.54 | 0.56 | 0.55 | 0.61 | 0.62 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $959,068K ÷ $1,772,530K
= 0.54
Esco Technologies, Inc.'s total asset turnover has shown a relatively stable performance over the past eight quarters, ranging from 0.47 to 0.57. This ratio indicates the company's efficiency in generating sales revenue relative to its total assets.
The average total asset turnover over the period is around 0.53, implying that for every dollar of assets held by the company, it generated an average of $0.53 in sales revenue.
The slight fluctuations in the ratio suggest that Esco Technologies has been able to maintain a consistent level of asset utilization efficiency. However, there is potential room for improvement to increase revenue generation from existing assets. Further investigation into the company's asset management practices and sales strategies may provide insights on enhancing overall operational efficiency.
Peer comparison
Dec 31, 2023