Generac Holdings Inc (GNRC)
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 | 3,949,805 | 3,935,365 | 3,962,145 | 4,264,295 | 4,525,680 | 4,543,520 | 4,405,498 | 4,039,517 | 3,712,928 | 3,406,940 | 3,165,481 | 2,792,968 | 2,460,119 | 2,289,969 | 2,187,141 | 2,179,689 | 2,172,908 | 2,145,380 | 2,104,640 | 2,055,791 |
| Total assets | US$ in thousands | 5,093,310 | 5,166,340 | 5,321,970 | 5,211,130 | 5,169,460 | 5,246,290 | 5,472,950 | 5,151,530 | 4,877,780 | 4,100,430 | 3,706,930 | 3,422,140 | 3,235,420 | 2,974,080 | 2,767,620 | 2,654,080 | 2,665,670 | 2,594,120 | 2,523,110 | 2,473,720 |
| Total asset turnover | 0.78 | 0.76 | 0.74 | 0.82 | 0.88 | 0.87 | 0.80 | 0.78 | 0.76 | 0.83 | 0.85 | 0.82 | 0.76 | 0.77 | 0.79 | 0.82 | 0.82 | 0.83 | 0.83 | 0.83 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,949,805K ÷ $5,093,310K
= 0.78
Generac Holdings Inc's total asset turnover has shown some fluctuations over the past eight quarters, ranging from 0.76 to 0.88. The metric indicates how efficiently the company is generating sales relative to its total assets. A higher total asset turnover ratio is generally preferred as it suggests that the company is effectively utilizing its assets to generate revenue.
In Q1 2023, the total asset turnover ratio was 0.83, indicating that Generac was able to generate $0.83 in sales for every $1 in assets during that quarter. This was a slight improvement compared to the previous quarter. However, the ratio decreased in Q2 and Q3 2023 to 0.76 and 0.78, respectively, before increasing again to 0.79 in Q4 2023.
Although there have been fluctuations in the total asset turnover ratio, it is important to compare this metric with industry averages and historical performance to assess Generac's efficiency in asset utilization over time. Further analysis of the company's operations, asset management, and sales growth may provide deeper insights into the factors influencing these fluctuations in the total asset turnover ratio.
Peer comparison
Dec 31, 2023