MarineMax Inc (HZO)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,431,008 | 2,462,481 | 2,426,605 | 2,414,053 | 2,394,706 | 2,336,875 | 2,303,568 | 2,343,334 | 2,308,098 | 2,233,644 | 2,211,435 | 2,124,424 | 2,063,257 | 1,999,709 | 1,831,685 | 1,617,065 | 1,509,713 | 1,419,087 | 1,304,277 | 1,299,388 |
| Total assets | US$ in thousands | 2,605,070 | 2,593,660 | 2,630,990 | 2,526,510 | 2,421,300 | 2,380,300 | 2,324,730 | 2,113,280 | 1,352,770 | 1,320,070 | 1,205,720 | 1,175,140 | 1,007,820 | 956,090 | 925,126 | 964,888 | 775,319 | 735,960 | 873,104 | 835,406 |
| Total asset turnover | 0.93 | 0.95 | 0.92 | 0.96 | 0.99 | 0.98 | 0.99 | 1.11 | 1.71 | 1.69 | 1.83 | 1.81 | 2.05 | 2.09 | 1.98 | 1.68 | 1.95 | 1.93 | 1.49 | 1.56 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,431,008K ÷ $2,605,070K
= 0.93
The total asset turnover ratio for MarineMax Inc has shown fluctuations over the past few years. The ratio indicates how efficiently the company is using its assets to generate revenue.
From December 2019 to September 2020, the total asset turnover ratio ranged between 1.49 and 1.95, suggesting a moderate level of asset utilization efficiency. However, there was a significant increase in asset turnover from the third quarter of 2020 to the first quarter of 2022, reaching a peak of 1.83 to 2.09. This indicates that MarineMax was generating more revenue for each dollar of assets during this period, reflecting improved asset management.
Subsequently, from the first quarter of 2022 to the fourth quarter of 2023, the total asset turnover ratio declined gradually, reaching 0.92 to 0.99. This decline suggests a decrease in the efficiency of asset utilization during this period.
In the most recent quarters, from December 2023 to September 2024, the total asset turnover ratio has stabilized around 0.92 to 0.96, indicating a relatively steady but lower level of asset efficiency compared to the peak periods seen in the past.
Overall, MarineMax Inc's total asset turnover ratio has displayed fluctuations, with periods of both high and low efficiency in utilizing its assets to generate revenue. Further analysis is needed to understand the factors contributing to these fluctuations and to assess the company's effectiveness in managing its assets for optimal performance.
Peer comparison
Sep 30, 2024