Flowserve Corporation (FLS)
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 | 4,557,810 | 4,542,640 | 4,504,270 | 4,427,760 | 4,320,585 | 4,194,365 | 3,972,526 | 3,774,368 | 3,615,121 | 3,495,617 | 3,488,854 | 3,504,810 | 3,541,060 | 3,606,912 | 3,665,095 | 3,691,882 | 3,729,031 | 3,811,893 | 3,884,136 | 3,949,255 |
| Total assets | US$ in thousands | 5,500,820 | 5,274,560 | 5,164,480 | 5,149,920 | 5,108,720 | 4,965,210 | 4,920,020 | 4,875,750 | 4,790,630 | 4,505,990 | 4,582,730 | 4,703,010 | 4,749,770 | 5,595,920 | 4,818,670 | 4,809,640 | 5,314,680 | 5,173,580 | 4,755,700 | 4,762,070 |
| Total asset turnover | 0.83 | 0.86 | 0.87 | 0.86 | 0.85 | 0.84 | 0.81 | 0.77 | 0.75 | 0.78 | 0.76 | 0.75 | 0.75 | 0.64 | 0.76 | 0.77 | 0.70 | 0.74 | 0.82 | 0.83 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,557,810K ÷ $5,500,820K
= 0.83
Flowserve Corporation's total asset turnover has fluctuated over the periods provided. The total asset turnover ratio indicates how effectively the company generates revenue from its assets. A higher ratio is generally preferred as it suggests that the company is utilizing its assets efficiently to generate sales.
Based on the data provided, we observe that the total asset turnover ratio ranged between 0.64 to 0.87 throughout the periods. The ratio decreased from 0.83 in March 2020 to 0.70 in December 2020, indicating a decline in the efficiency of asset utilization. However, the ratio then fluctuated within a range but showed a general increasing trend from September 2021 onwards, reaching 0.87 by June 30, 2024.
Overall, the company seems to have improved its asset utilization efficiency over the periods, as indicated by the rising trend in the total asset turnover ratio. This could be a result of better management of assets or increased sales generation relative to the size of their asset base. Further analysis and comparison with industry benchmarks may provide additional insights into the company's performance in terms of asset turnover.
Peer comparison
Dec 31, 2024