Franklin Electric Co Inc (FELE)
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 | 2,021,341 | 2,008,566 | 2,015,559 | 2,041,482 | 2,065,133 | 2,081,594 | 2,094,835 | 2,076,792 | 2,043,711 | 1,986,800 | 1,894,147 | 1,780,289 | 1,661,865 | 1,550,451 | 1,442,622 | 1,313,623 | 1,247,331 | 1,246,332 | 1,243,558 | 1,290,617 |
| Total assets | US$ in thousands | 1,820,610 | 1,807,240 | 1,784,350 | 1,773,110 | 1,728,120 | 1,725,300 | 1,803,080 | 1,803,450 | 1,694,200 | 1,715,010 | 1,751,540 | 1,683,190 | 1,575,160 | 1,545,980 | 1,510,840 | 1,281,680 | 1,272,310 | 1,201,440 | 1,151,330 | 1,149,530 |
| Total asset turnover | 1.11 | 1.11 | 1.13 | 1.15 | 1.20 | 1.21 | 1.16 | 1.15 | 1.21 | 1.16 | 1.08 | 1.06 | 1.06 | 1.00 | 0.95 | 1.02 | 0.98 | 1.04 | 1.08 | 1.12 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,021,341K ÷ $1,820,610K
= 1.11
The total asset turnover ratio for Franklin Electric Co Inc has been fluctuating over the past few years, indicating varying levels of efficiency in generating sales from its total assets. The ratio started at 1.12 in March 2020, declined to 0.98 by December 2020, and then gradually improved to 1.21 by December 2023.
In general, a higher total asset turnover ratio suggests that the company is effectively utilizing its assets to generate revenue. Conversely, a lower ratio may indicate inefficiencies in asset management or challenges in converting assets into sales.
It is worth noting that the ratio saw some volatility, particularly in the range of 0.95 to 1.16 from June 2021 to June 2024. This variability could be attributed to changes in sales volume, asset base, or operational efficiency within the company.
Overall, a sustained improvement in the total asset turnover ratio over time may signify increased operational efficiency and effectiveness in utilizing assets to drive sales for Franklin Electric Co Inc.
Peer comparison
Dec 31, 2024