Graco Inc (GGG)
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 | 2,113,316 | 2,131,287 | 2,151,747 | 2,158,148 | 2,195,605 | 2,184,007 | 2,189,979 | 2,178,882 | 2,143,521 | 2,128,095 | 2,069,147 | 2,027,764 | 1,987,608 | 1,918,329 | 1,870,949 | 1,730,677 | 1,650,115 | 1,592,067 | 1,553,306 | 1,614,742 |
| Total assets | US$ in thousands | 3,139,210 | 2,975,640 | 2,879,900 | 2,786,820 | 2,722,010 | 2,674,920 | 2,707,720 | 2,546,260 | 2,438,900 | 2,438,200 | 2,404,280 | 2,319,440 | 2,443,200 | 2,377,330 | 2,229,200 | 2,087,720 | 1,988,130 | 1,994,000 | 1,962,460 | 1,947,340 |
| Total asset turnover | 0.67 | 0.72 | 0.75 | 0.77 | 0.81 | 0.82 | 0.81 | 0.86 | 0.88 | 0.87 | 0.86 | 0.87 | 0.81 | 0.81 | 0.84 | 0.83 | 0.83 | 0.80 | 0.79 | 0.83 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,113,316K ÷ $3,139,210K
= 0.67
Graco Inc's total asset turnover ratio has fluctuated over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio is a measure of the company's efficiency in generating sales revenue from its total assets.
The trend in Graco Inc's total asset turnover ratio shows a slight decline initially from 0.83 on March 31, 2020, to 0.79 on June 30, 2020. However, there is some fluctuation in the ratio over the subsequent quarters before a steady increase starting from March 31, 2022, where the ratio improved to 0.87.
The ratio peaked at 0.88 on December 31, 2022, indicating that Graco Inc was generating a significant amount of sales relative to its total assets at that time. However, the ratio showed a decline thereafter, dropping to 0.67 on December 31, 2024.
Overall, it can be observed that Graco Inc's total asset turnover has experienced fluctuations over the analyzed period, with some periods of improvement and some periods of decline. Further analysis and comparison with industry benchmarks may provide more insights into the company's efficiency in utilizing its assets to generate sales revenue.
Peer comparison
Dec 31, 2024