Howmet Aerospace Inc (HWM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,430,000 | 6,640,000 | 5,663,000 | 4,972,000 | 5,259,000 |
| Total assets | US$ in thousands | 10,519,000 | 10,428,000 | 10,255,000 | 10,219,000 | 11,446,000 |
| Total asset turnover | 0.71 | 0.64 | 0.55 | 0.49 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,430,000K ÷ $10,519,000K
= 0.71
The total asset turnover of Howmet Aerospace Inc has shown a gradual increasing trend over the past five years. From 0.46 in December 31, 2020, it has increased to 0.71 by December 31, 2024. This indicates that the company was able to generate more revenue relative to its total assets in the most recent year, reflecting improved efficiency in asset utilization. Higher total asset turnover ratios generally indicate better operational efficiency and productivity, which could be a positive signal for Howmet Aerospace's financial performance.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Howmet Aerospace Inc
HWM
0.71
Kaiser Aluminum Corporation
KALU
1.31
Mueller Industries Inc
MLI
1.15
Quanex Building Products
NX
0.55