Eagle Materials Inc (EXP)

Total asset turnover

		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	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	2,217,040	2,209,817	2,163,667	2,148,123	2,112,898	2,066,217	2,020,952	1,921,890	1,836,631	1,766,816	1,704,833	1,642,535	1,691,662	1,663,802	1,609,201	1,578,462	1,422,288	1,391,547	1,376,832	1,347,125
Total assets	US$ in thousands	2,947,020	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	2,961,020	2,130,220	2,326,210	2,269,080
Total asset turnover		0.75	0.76	0.74	0.74	0.76	0.76	0.72	0.69	0.71	0.69	0.65	0.57	0.60	0.61	0.56	0.52	0.48	0.65	0.59	0.59

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,217,040K ÷ $2,947,020K
= 0.75

Total asset turnover for Eagle Materials Inc has fluctuated over the past few quarters, ranging from 0.48 to 0.76. The ratio measures the efficiency of the company's asset utilization in generating sales revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets, while a lower ratio suggests lower asset utilization efficiency.

Eagle Materials Inc's total asset turnover has shown some volatility, with a peak of 0.76 in Dec 31, 2023, and a low of 0.48 in Mar 31, 2020. Overall, the company's asset turnover has been relatively stable around the 0.70 range in recent periods, indicating a consistent level of efficiency in utilizing its assets to generate revenue. However, it is worth noting the decreasing trend in the ratio from 0.76 in Dec 31, 2023, to 0.75 in Mar 31, 2024. This trend may suggest a potential need for the company to further optimize its asset management to improve efficiency in generating sales.