Exponent Inc (EXPO)
Total asset turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 558,514 | 544,648 | 541,705 | 541,390 | 536,766 | 541,221 | 535,064 | 525,124 | 513,293 | 499,444 | 488,670 | 478,266 | 466,269 | 456,002 | 438,260 | 410,428 | 399,900 | 406,775 | 409,660 | 424,121 |
| Total assets | US$ in thousands | 777,270 | 744,065 | 709,177 | 629,405 | 662,321 | 602,462 | 604,284 | 566,427 | 586,662 | 559,003 | 566,704 | 617,548 | 683,739 | 638,305 | 618,871 | 577,022 | 580,096 | 534,666 | 513,187 | 483,663 |
| Total asset turnover | 0.72 | 0.73 | 0.76 | 0.86 | 0.81 | 0.90 | 0.89 | 0.93 | 0.87 | 0.89 | 0.86 | 0.77 | 0.68 | 0.71 | 0.71 | 0.71 | 0.69 | 0.76 | 0.80 | 0.88 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $558,514K ÷ $777,270K
= 0.72
Exponent Inc's total asset turnover ratio has shown fluctuations over the past few years. The ratio decreased from 0.88 as of March 31, 2020, to 0.72 as of December 31, 2024. This indicates that the company's ability to generate sales from its total assets has declined during this period.
The declining trend in the total asset turnover ratio may suggest inefficiencies in asset utilization or difficulties in generating revenue relative to the size of the asset base. A lower total asset turnover ratio could signify excess or underutilized assets within the company, poor sales performance, or inefficient asset management.
It would be crucial for Exponent Inc to analyze the factors contributing to the decreasing total asset turnover ratio to address any operational inefficiencies and improve overall performance. By enhancing asset utilization and streamlining operations, the company may be able to increase its total asset turnover ratio, leading to improved financial efficiency and profitability.
Peer comparison
Dec 31, 2024