Exponent Inc (EXPO)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 536,766 | 513,293 | 466,269 | 399,900 | 417,199 |
| Total assets | US$ in thousands | 646,777 | 586,662 | 683,739 | 580,096 | 563,411 |
| Total asset turnover | 0.83 | 0.87 | 0.68 | 0.69 | 0.74 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $536,766K ÷ $646,777K
= 0.83
Exponent Inc's total asset turnover ratio has fluctuated over the past five years. The ratio measures the company's ability to generate sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales.
In 2023, the total asset turnover ratio was 0.83, indicating that the company generated $0.83 in sales for every $1 of total assets. This suggests a slight decrease in asset efficiency compared to the previous year.
In 2022, the total asset turnover ratio was 0.87, indicating an improvement in asset utilization from the previous year. The company was able to generate more sales revenue relative to its total assets.
In 2021 and 2020, the total asset turnover ratios were 0.68 and 0.69, respectively, showing a lower efficiency in asset utilization during those years. This could indicate that the company may not have been effectively utilizing its assets to generate sales revenue.
In 2019, the total asset turnover ratio was 0.74, suggesting a moderate level of asset efficiency. Overall, Exponent Inc's total asset turnover ratio has shown some fluctuations over the years, indicating varying levels of efficiency in utilizing its assets to generate sales revenue.
Peer comparison
Dec 31, 2023