Chart Industries Inc (GTLS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,160,300 | 3,352,500 | 1,612,400 | 1,317,700 | 1,177,100 |
| Total assets | US$ in thousands | 9,123,900 | 9,102,400 | 5,901,900 | 3,043,800 | 2,586,500 |
| Total asset turnover | 0.46 | 0.37 | 0.27 | 0.43 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,160,300K ÷ $9,123,900K
= 0.46
The total asset turnover of Chart Industries Inc has exhibited some fluctuations over the past five years. From December 31, 2020, to December 31, 2021, the total asset turnover ratio decreased from 0.46 to 0.43, indicating a decrease in the company's ability to generate sales from its total assets.
Subsequently, there was a further decline in total asset turnover by the end of December 31, 2022, reaching 0.27. This significant decrease suggests that the company's efficiency in utilizing its total assets to generate revenue diminished during this period.
However, a partial recovery was observed by December 31, 2023, with the total asset turnover ratio improving to 0.37. Despite the improvement, the ratio remained below the levels seen in the earlier years.
Finally, by December 31, 2024, the total asset turnover ratio reverted to its previous level of 0.46, which is the same as in 2020. This indicates that the company managed to return to a higher level of efficiency in generating sales in relation to its total assets compared to the previous year.
Overall, the fluctuations in Chart Industries Inc's total asset turnover ratio over the five-year period suggest varying degrees of efficiency in utilizing its assets to drive revenue generation. Monitoring this ratio is crucial for assessing the company's operational performance and asset utilization efficiency.