Fastenal Company (FAST)
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 | 7,547,800 | 7,480,800 | 7,414,600 | 7,378,100 | 7,340,200 | 7,272,600 | 7,226,700 | 7,122,900 | 6,965,300 | 6,804,100 | 6,556,500 | 6,284,600 | 6,001,600 | 5,830,100 | 5,690,000 | 5,691,200 | 5,641,200 | 5,560,100 | 5,523,900 | 5,382,800 |
| Total assets | US$ in thousands | 4,698,000 | 4,738,400 | 4,603,500 | 4,532,700 | 4,462,900 | 4,596,600 | 4,576,800 | 4,577,000 | 4,548,600 | 4,627,400 | 4,592,300 | 4,466,700 | 4,299,000 | 4,222,500 | 4,166,600 | 4,074,400 | 3,964,700 | 4,108,600 | 4,085,200 | 3,934,700 |
| Total asset turnover | 1.61 | 1.58 | 1.61 | 1.63 | 1.64 | 1.58 | 1.58 | 1.56 | 1.53 | 1.47 | 1.43 | 1.41 | 1.40 | 1.38 | 1.37 | 1.40 | 1.42 | 1.35 | 1.35 | 1.37 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,547,800K ÷ $4,698,000K
= 1.61
Fastenal Company's total asset turnover ratio has been relatively stable over the past few years, ranging between 1.35 and 1.64. This indicates that, on average, the company generates between $1.35 and $1.64 in sales for every dollar of assets it holds.
The trend analysis shows a slight increase in total asset turnover from 1.37 in March 2020 to 1.61 in December 2024, suggesting that Fastenal has become more efficient in utilizing its assets to generate revenue.
A total asset turnover ratio above 1.0 is generally considered favorable, as it indicates that the company is efficiently utilizing its assets to generate sales. In Fastenal's case, the consistent values above 1.0 demonstrate that the company has been effectively managing its assets to drive revenue growth.
Overall, the trend in Fastenal's total asset turnover ratio reflects positively on the company's ability to efficiently generate sales from its asset base, which is an important indicator of operational efficiency and financial health.
Peer comparison
Dec 31, 2024