Fastenal Company (FAST)
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 | 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 | 5,323,200 | 5,277,900 | 5,179,500 | 6,347,500 |
| Total assets | US$ in thousands | 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 | 3,799,900 | 3,814,200 | 3,756,400 | 3,651,800 |
| Total asset turnover | 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 | 1.40 | 1.38 | 1.38 | 1.74 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,340,200K ÷ $4,462,900K
= 1.64
Fastenal Co.'s total asset turnover has been relatively stable over the past eight quarters, ranging from 1.41 to 1.65. This indicates that the company generates $1.56 to $1.65 in revenue for every dollar invested in assets. The consistent values suggest that Fastenal Co. is efficiently utilizing its assets to generate sales. However, it is essential to monitor any significant changes in total asset turnover over time to assess the company's overall operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023
Company name
Symbol
Total asset turnover
Fastenal Company
FAST
1.64
Sherwin-Williams Co
SHW
0.98
Tractor Supply Company
TSCO
1.58