Generac Holdings Inc (GNRC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,290,970 | 3,925,040 | 4,496,170 | 3,703,400 | 2,452,210 |
| Total assets | US$ in thousands | 5,109,330 | 5,093,310 | 5,169,460 | 4,877,780 | 3,235,420 |
| Total asset turnover | 0.84 | 0.77 | 0.87 | 0.76 | 0.76 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,290,970K ÷ $5,109,330K
= 0.84
Generac Holdings Inc's total asset turnover has shown a mixed trend over the past five years. The ratio was at 0.76 for both December 31, 2020 and 2021, indicating that the company generated $0.76 in revenue for every dollar of assets during those years.
There was a slight improvement in total asset turnover to 0.87 by December 31, 2022, suggesting that the company became more efficient in generating revenue from its assets. However, this improvement was followed by a decrease to 0.77 by December 31, 2023, which indicates a potential decline in the efficiency of asset utilization.
By December 31, 2024, the total asset turnover increased to 0.84, showing some recovery in asset utilization efficiency. Overall, while there have been fluctuations in the ratio, it is essential for Generac Holdings Inc to focus on effectively using its assets to generate revenue consistently over time.
Peer comparison
Dec 31, 2024