Insteel Industries Inc (IIIN)
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 | 600,711 | 649,214 | 702,408 | 763,864 | 817,999 | 826,223 | 790,215 | 723,780 | 649,569 | 590,694 | 556,516 | 517,734 | 493,592 | 471,587 | 446,089 | 450,346 | 447,416 | 454,662 | 464,253 | 464,751 |
| Total assets | US$ in thousands | 390,568 | 447,513 | 445,382 | 428,224 | 423,756 | 471,745 | 481,048 | 420,558 | 368,779 | 390,710 | 371,931 | 336,861 | 309,951 | 337,902 | 336,690 | 319,035 | 306,451 | 293,009 | 304,795 | 311,571 |
| Total asset turnover | 1.54 | 1.45 | 1.58 | 1.78 | 1.93 | 1.75 | 1.64 | 1.72 | 1.76 | 1.51 | 1.50 | 1.54 | 1.59 | 1.40 | 1.32 | 1.41 | 1.46 | 1.55 | 1.52 | 1.49 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $600,711K ÷ $390,568K
= 1.54
Insteel Industries Inc's total asset turnover has shown fluctuations over the past few quarters, ranging from a low of 1.32 in June 2020 to a high of 1.93 in December 2022. The ratio measures the company's ability to generate sales from its assets, with a higher ratio indicating more efficient asset utilization.
The trend indicates that the company has generally been able to effectively use its assets to generate sales, as demonstrated by the ratios consistently above 1.0. However, there are fluctuations in the ratio over time, suggesting potential variability in the efficiency of asset utilization.
It is important for the company to monitor and analyze the factors contributing to these fluctuations to ensure optimal asset management and to maintain or improve operational efficiency.
Peer comparison
Dec 31, 2023