Exponent Inc (EXPO)
Total asset turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 417,199 | 399,228 | 392,982 | 382,097 |
| Total assets | US$ in thousands | 646,777 | 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 | 563,411 | 544,491 | 520,641 | 489,220 |
| Total asset turnover | 0.83 | 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 | 0.74 | 0.73 | 0.75 | 0.78 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $536,766K ÷ $646,777K
= 0.83
Total asset turnover measures the efficiency of Exponent Inc in generating sales revenue from its assets. The trend analysis of total asset turnover for Exponent Inc shows fluctuations over the periods under review. The company's total asset turnover ratio has ranged from 0.68 to 0.93 in recent quarters.
In the most recent quarter, total asset turnover stood at 0.83, indicating that for every dollar of assets held by the company, it generated $0.83 in sales. This suggests a moderate level of asset utilization efficiency.
Overall, the total asset turnover seems to have some variability, possibly indicating changes in the company's business model, asset base, or sales strategies. It would be beneficial to further investigate the factors influencing these fluctuations to assess the company's operational efficiency and effectiveness in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2023