Forward Air Corporation (FWRD)
Total asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,565,295 | 2,474,262 | 2,179,844 | 1,937,272 | 1,695,788 | 1,581,041 | 1,723,813 | 1,820,471 | 1,933,508 | 1,973,403 | 1,952,132 | 1,861,734 | 1,767,186 | 1,662,427 | 1,552,839 | 1,465,211 | 1,326,218 | 1,306,525 | 1,337,688 | 1,367,354 |
| Total assets | US$ in thousands | 2,802,640 | 2,802,640 | 3,055,840 | 3,067,320 | 3,959,260 | 3,041,080 | 1,190,580 | 1,184,570 | 1,226,570 | 1,208,080 | 1,186,060 | 1,197,140 | 1,166,810 | 1,117,820 | 1,070,510 | 1,081,840 | 1,015,900 | 1,047,770 | 1,048,210 | 1,072,500 |
| Total asset turnover | 0.92 | 0.88 | 0.71 | 0.63 | 0.43 | 0.52 | 1.45 | 1.54 | 1.58 | 1.63 | 1.65 | 1.56 | 1.51 | 1.49 | 1.45 | 1.35 | 1.31 | 1.25 | 1.28 | 1.27 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,565,295K ÷ $2,802,640K
= 0.92
The total asset turnover of Forward Air Corporation has shown a fluctuating trend over the past few years. From June 30, 2020, to September 30, 2021, the total asset turnover steadily increased from 1.27 to 1.45. This suggests that the company became more efficient in generating revenue relative to its total assets during this period.
However, starting from December 31, 2021, the total asset turnover began to decline, reaching a low of 0.52 on December 31, 2023. This significant drop indicates a potential decrease in asset utilization efficiency or sales activity compared to the previous periods.
There was a slight recovery in total asset turnover from March 31, 2024, to June 30, 2024, where the ratio increased from 0.43 to 0.63. Despite this uptick, the trend remains volatile, with fluctuations observed in subsequent quarters.
Overall, it is essential for Forward Air Corporation to monitor and possibly improve its asset turnover to ensure optimal utilization of assets and sustained revenue generation in the long term.
Peer comparison
Mar 31, 2025