Flowserve Corporation (FLS)
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 | 4,268,876 | 4,144,376 | 3,927,236 | 3,733,520 | 3,569,619 | 3,458,369 | 3,447,565 | 3,461,678 | 3,466,525 | 3,532,325 | 3,590,953 | 3,618,040 | 3,668,956 | 3,751,856 | 3,826,408 | 3,891,483 | 3,924,802 | 3,843,502 | 3,791,118 | 3,772,349 |
| Total assets | US$ in thousands | 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 | 4,778,380 | 4,762,070 | 4,938,280 | 4,764,490 | 4,821,210 | 4,846,500 |
| Total asset turnover | 0.84 | 0.83 | 0.80 | 0.77 | 0.75 | 0.77 | 0.75 | 0.74 | 0.73 | 0.63 | 0.75 | 0.75 | 0.69 | 0.73 | 0.80 | 0.82 | 0.79 | 0.81 | 0.79 | 0.78 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,268,876K ÷ $5,108,720K
= 0.84
Flowserve Corp.'s total asset turnover ratio has shown a consistent pattern over the past eight quarters. The ratio has ranged from 0.75 to 0.85, indicating that, on average, the company generated between $0.75 to $0.85 in revenue for every dollar of assets it held during the respective periods.
The trend appears relatively stable, with slight fluctuations between quarters, suggesting that Flowserve has been effectively utilizing its assets to generate sales. However, the ratio has not shown a significant upward or downward trend over the observed period, which may indicate a steady operational performance rather than notable improvements or deteriorations in asset management efficiency.
Overall, while the total asset turnover ratio of Flowserve Corp. is in line with industry norms and reflects reasonable asset utilization, management could explore strategies to potentially enhance this ratio further in order to optimize the company's asset efficiency.
Peer comparison
Dec 31, 2023