IDEX Corporation (IEX)
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 | 3,268,800 | 3,194,800 | 3,190,000 | 3,229,000 | 3,273,900 | 3,295,700 | 3,326,300 | 3,276,200 | 3,181,900 | 3,086,000 | 2,974,019 | 2,863,866 | 2,764,802 | 2,664,824 | 2,533,918 | 2,409,220 | 2,351,646 | 2,342,821 | 2,385,954 | 2,466,804 |
| Total assets | US$ in thousands | 6,745,300 | 6,967,500 | 5,903,300 | 5,889,400 | 5,865,200 | 5,669,600 | 5,719,900 | 5,658,000 | 5,511,900 | 4,892,600 | 4,912,800 | 4,999,700 | 4,917,200 | 4,854,580 | 4,783,000 | 4,460,730 | 4,414,400 | 4,225,600 | 4,073,590 | 3,943,680 |
| Total asset turnover | 0.48 | 0.46 | 0.54 | 0.55 | 0.56 | 0.58 | 0.58 | 0.58 | 0.58 | 0.63 | 0.61 | 0.57 | 0.56 | 0.55 | 0.53 | 0.54 | 0.53 | 0.55 | 0.59 | 0.63 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,268,800K ÷ $6,745,300K
= 0.48
The total asset turnover of IDEX Corporation has shown some fluctuations over the analyzed period. The ratio started at 0.63 on March 31, 2020, indicating that the company generated $0.63 in revenue for every dollar of assets. It gradually decreased to 0.46 by September 30, 2024, before recovering slightly to 0.48 by December 31, 2024.
Overall, the decreasing trend in total asset turnover suggests that the company may be less efficient in generating revenue from its assets. This could be due to various factors such as declining sales, underutilization of assets, or inefficient asset management.
Further analysis and comparison with industry benchmarks would be necessary to fully evaluate the implications of these changes in total asset turnover for IDEX Corporation's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024