ESCO Technologies Inc (ESE)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,011,553 | 989,298 | 978,104 | 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 |
| Total assets | US$ in thousands | 1,838,620 | 1,811,060 | 1,784,190 | 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 |
| Total asset turnover | 0.55 | 0.55 | 0.55 | 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 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,011,553K ÷ $1,838,620K
= 0.55
ESCO Technologies Inc's total asset turnover has been relatively stable over the past several quarters, ranging between 0.45 and 0.56. This ratio indicates that, on average, the company generates revenue equal to approximately 52% of its total assets. A total asset turnover below 1 suggests that ESCO is not generating a high level of sales relative to its asset base.
The slight fluctuations in total asset turnover may be attributed to changes in the company's operational efficiency, investment in new assets, or changes in sales volume. It is important for ESCO to monitor and possibly improve this ratio over time to ensure that its assets are utilized effectively in generating revenue.
Peer comparison
Sep 30, 2024