Chart Industries Inc (GTLS)
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 | 3,032,900 | 2,546,800 | 2,140,800 | 1,710,400 | 1,594,000 | 1,542,100 | 1,458,600 | 1,372,300 | 1,307,700 | 1,241,200 | 1,181,300 | 1,165,200 | 1,190,400 | 1,220,400 | 1,304,000 | 1,307,300 | 1,280,700 | 1,228,400 | 1,145,600 | 1,476,200 |
| Total assets | US$ in thousands | 9,102,400 | 9,020,200 | 9,407,500 | 9,248,800 | 5,901,900 | 3,069,200 | 3,167,600 | 3,085,900 | 3,043,800 | 2,981,800 | 2,830,000 | 2,652,300 | 2,570,500 | 2,452,900 | 2,452,600 | 2,423,000 | 2,481,400 | 2,497,800 | 1,983,900 | 1,913,300 |
| Total asset turnover | 0.33 | 0.28 | 0.23 | 0.18 | 0.27 | 0.50 | 0.46 | 0.44 | 0.43 | 0.42 | 0.42 | 0.44 | 0.46 | 0.50 | 0.53 | 0.54 | 0.52 | 0.49 | 0.58 | 0.77 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,032,900K ÷ $9,102,400K
= 0.33
Chart Industries Inc's total asset turnover ratio fluctuated over the past eight quarters, ranging from 0.19 to 0.50. The total asset turnover ratio measures the efficiency of the company in generating sales from its total assets. A higher ratio indicates a more efficient use of assets to generate revenue.
In Q1 2023, the total asset turnover ratio was 0.19, suggesting that the company generated $0.19 in sales for every dollar of total assets. This ratio increased steadily over the following quarters to reach 0.37 in Q4 2023, reflecting an improvement in asset utilization efficiency.
The peak total asset turnover ratio of 0.50 was observed in Q3 2022, indicating strong asset utilization and revenue generation during that period. However, the ratio declined in the subsequent quarters before showing signs of recovery in the latest quarter.
Overall, the trend in Chart Industries Inc's total asset turnover ratio indicates fluctuations in the efficiency of asset utilization for revenue generation. It is essential for the company to maintain a balance between generating sales and efficiently utilizing its assets to achieve sustainable growth and profitability.