Eagle Materials Inc (EXP)
Total asset turnover
| Mar 31, 2025 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,260,508 | 2,267,040 | 2,267,848 | 2,266,465 | 2,259,297 | 2,252,717 | 2,205,371 | 2,188,203 | 2,148,069 | 2,091,059 | 2,042,513 | 1,947,139 | 1,861,522 | 1,791,707 | 1,733,433 | 1,671,423 | 1,623,673 | 1,595,813 | 1,541,395 | 1,508,237 |
| Total assets | US$ in thousands | 3,264,590 | 3,043,670 | 3,121,800 | 3,042,870 | 2,982,530 | 2,890,340 | 2,917,090 | 2,916,250 | 2,781,000 | 2,730,170 | 2,809,150 | 2,770,860 | 2,579,650 | 2,560,120 | 2,619,830 | 2,890,830 | 2,838,680 | 2,725,040 | 2,871,280 | 3,015,160 |
| Total asset turnover | 0.69 | 0.74 | 0.73 | 0.74 | 0.76 | 0.78 | 0.76 | 0.75 | 0.77 | 0.77 | 0.73 | 0.70 | 0.72 | 0.70 | 0.66 | 0.58 | 0.57 | 0.59 | 0.54 | 0.50 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,260,508K ÷ $3,264,590K
= 0.69
Total asset turnover is a key financial ratio that measures a company's efficiency in generating revenue relative to its total assets. In the case of Eagle Materials Inc, the total asset turnover ratio has shown a general upward trend from 0.50 as of June 30, 2020, to 0.69 as of March 31, 2025.
This improvement indicates that Eagle Materials has been more effective in utilizing its assets to generate sales over the years. A higher total asset turnover ratio suggests that the company is producing more revenue for each dollar invested in assets.
However, it is important to note that the ratio fluctuated throughout the period, reaching a peak of 0.78 on December 31, 2023, before slightly decreasing. These fluctuations could be attributed to changes in the company's business operations, asset management strategies, or market conditions.
Overall, the increasing trend in Eagle Materials Inc's total asset turnover ratio indicates improving efficiency in asset utilization and revenue generation, which is a positive sign for the company's financial performance.