Generac Holdings Inc (GNRC)
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 | 4,290,970 | 4,119,840 | 3,997,100 | 3,974,163 | 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 |
| Total assets | US$ in thousands | 5,109,330 | 5,186,940 | 5,118,570 | 5,129,520 | 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 |
| Total asset turnover | 0.84 | 0.79 | 0.78 | 0.77 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,290,970K ÷ $5,109,330K
= 0.84
Generac Holdings Inc's total asset turnover ratio has shown fluctuation over the analyzed period from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 0.74 to a high of 0.88, indicating the company's efficiency in generating sales from its total assets. Generally, a higher total asset turnover ratio is preferred as it suggests that the company is utilizing its assets more effectively to generate revenue.
In this case, the ratio has varied between 0.74 and 0.88, with some quarters showing improvement while others experiencing a slight decline. Specifically, there was an improvement in total asset turnover from June 30, 2021, to September 30, 2022, where the ratio increased from 0.85 to 0.87. However, there was a decline in the ratio in the subsequent periods, reaching a low of 0.74 by June 30, 2023, before recovering to 0.84 by December 31, 2024.
Overall, the trend in Generac Holdings Inc's total asset turnover ratio indicates some fluctuations in the company's efficiency in generating sales from its assets. Further analysis and comparison with industry benchmarks may provide more insights into the company's performance in this aspect.
Peer comparison
Dec 31, 2024