Hexcel Corporation (HXL)

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	1,888,400	1,867,500	1,822,700	1,775,500	1,758,000	1,725,300	1,669,300	1,608,300	1,541,500	1,472,400	1,441,000	1,367,900	1,286,400	1,231,100	1,184,000	1,241,000	1,470,000	1,738,500	2,022,800	2,251,900
Total assets	US$ in thousands	2,725,600	2,862,300	2,827,600	2,821,200	2,918,500	2,846,300	2,921,900	2,907,300	2,837,300	2,775,700	2,819,400	2,853,500	2,819,400	2,872,600	2,917,400	2,893,500	2,917,800	2,972,100	3,222,500	3,433,300
Total asset turnover		0.69	0.65	0.64	0.63	0.60	0.61	0.57	0.55	0.54	0.53	0.51	0.48	0.46	0.43	0.41	0.43	0.50	0.58	0.63	0.66

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,888,400K ÷ $2,725,600K
= 0.69

The total asset turnover ratio of Hexcel Corporation has been fluctuating over the past few years, ranging from a low of 0.43 in March 31, 2021, to a high of 0.69 in December 31, 2024. This ratio indicates the company's efficiency in generating sales revenue from its assets. Generally, a higher total asset turnover ratio is preferred as it suggests that the company is more efficient in utilizing its assets to generate sales.

From the trend observed, the total asset turnover ratio of Hexcel Corporation has shown signs of improvement from March 31, 2021, onwards, peaking at 0.69 on December 31, 2024. This improvement may indicate better asset management and operational efficiency within the company, leading to higher sales generated from its assets. However, it is important to continue monitoring this ratio over time to assess the company's ongoing performance in utilizing its assets effectively.