Chart Industries Inc (GTLS)
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 | 4,808,700 | 4,716,900 | 5,174,000 | 5,669,300 | 4,608,100 | 4,034,500 | 2,927,000 | 1,796,200 | 1,612,400 | 1,549,900 | 1,466,100 | 1,383,300 | 1,317,700 | 1,251,200 | 1,196,100 | 1,184,500 | 1,217,100 | 1,247,100 | 1,331,700 | 1,330,900 |
| Total assets | US$ in thousands | 9,123,900 | 9,498,400 | 9,277,500 | 9,247,900 | 9,102,400 | 9,020,200 | 9,407,500 | 9,297,400 | 5,901,900 | 3,069,200 | 3,167,600 | 3,085,900 | 3,043,800 | 2,981,800 | 2,830,000 | 2,652,300 | 2,586,500 | 2,452,900 | 2,452,600 | 2,423,000 |
| Total asset turnover | 0.53 | 0.50 | 0.56 | 0.61 | 0.51 | 0.45 | 0.31 | 0.19 | 0.27 | 0.50 | 0.46 | 0.45 | 0.43 | 0.42 | 0.42 | 0.45 | 0.47 | 0.51 | 0.54 | 0.55 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,808,700K ÷ $9,123,900K
= 0.53
The total asset turnover of Chart Industries Inc has shown fluctuations over the past few years, ranging from a low of 0.19 to a high of 0.61. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover generally suggests better operational efficiency and asset utilization.
Chart Industries Inc experienced a significant decline in total asset turnover in the first quarter of 2023, reaching the lowest point in the data series. However, the ratio gradually recovered and surpassed previous levels by the first quarter of 2024, indicating improved asset utilization efficiency.
Overall, the total asset turnover trend suggests that Chart Industries Inc has made efforts to enhance its operational efficiency and optimize the use of its assets to generate revenue. However, it is essential to continue monitoring this ratio to ensure sustained performance and effective management of assets.