International Seaways Inc (INSW)

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 951,613 1,007,734 829,787 864,581 877,310 964,733 1,154,319 1,050,313 864,665 621,178 469,165 377,539 322,813 284,846 299,913 343,067 421,648 488,967 460,362 389,647
Total assets US$ in thousands 2,636,400 2,587,850 2,674,670 2,551,420 2,521,820 2,561,020 2,655,660 2,571,530 2,615,330 2,459,900 2,364,240 2,366,590 2,346,780 2,441,830 1,878,650 1,552,050 1,586,540 1,712,310 1,758,960 1,740,730
Total asset turnover 0.36 0.39 0.31 0.34 0.35 0.38 0.43 0.41 0.33 0.25 0.20 0.16 0.14 0.12 0.16 0.22 0.27 0.29 0.26 0.22

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $951,613K ÷ $2,636,400K
= 0.36

Total asset turnover is a vital financial ratio that measures the efficiency of a company in generating sales revenue from its assets. International Seaways Inc's total asset turnover has varied over the past few years.

Initially, the total asset turnover was relatively low, around 0.22 - 0.29 from March 2020 to September 2020. The ratio improved slightly to 0.27 as of December 2020 before decreasing again to 0.22 in March 2021.

The company experienced a significant decline in total asset turnover in the following quarters, reaching a low of 0.12 in September 2021. This indicates that International Seaways Inc was less effective in utilizing its assets to generate sales during that period.

However, there was a gradual improvement in the total asset turnover starting from December 2021, reaching 0.33 by December 2022. The ratio continued to increase steadily, reaching a peak of 0.43 in June 2023, suggesting that the company was becoming more efficient in generating revenue from its assets.

After June 2023, there was some fluctuation in the total asset turnover ratio, but it generally remained above 0.30, indicating that International Seaways Inc was effectively utilizing its assets to drive sales.

In conclusion, International Seaways Inc's total asset turnover reflects a mixed performance over the analyzed period, with fluctuations but generally showing an improvement in asset utilization efficiency.