Innospec Inc (IOSP)
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 | 1,845,600 | 1,873,500 | 1,894,100 | 1,939,500 | 1,948,800 | 1,964,800 | 2,013,700 | 2,000,900 | 1,963,700 | 1,866,200 | 1,729,300 | 1,616,200 | 1,483,400 | 1,380,200 | 1,269,200 | 1,159,600 | 1,192,200 | 1,272,800 | 1,379,600 | 1,497,100 |
| Total assets | US$ in thousands | 1,734,700 | 1,797,700 | 1,700,300 | 1,732,800 | 1,707,400 | 1,618,600 | 1,610,800 | 1,624,100 | 1,603,700 | 1,669,200 | 1,637,900 | 1,623,800 | 1,570,900 | 1,492,400 | 1,461,800 | 1,426,100 | 1,397,400 | 1,343,700 | 1,339,000 | 1,455,300 |
| Total asset turnover | 1.06 | 1.04 | 1.11 | 1.12 | 1.14 | 1.21 | 1.25 | 1.23 | 1.22 | 1.12 | 1.06 | 1.00 | 0.94 | 0.92 | 0.87 | 0.81 | 0.85 | 0.95 | 1.03 | 1.03 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,845,600K ÷ $1,734,700K
= 1.06
The total asset turnover ratio of Innospec Inc has shown fluctuation over the periods indicated in the data provided. It was relatively stable around 1.0 in the first half of the period but started to decline towards the end of 2020 and into 2021. The ratio then showed some improvement in the latter part of 2021 and continued to increase into 2023.
The ratio peaked at 1.25 at the end of June 2023 before slightly declining in the following periods. Overall, this indicates that the company's ability to generate sales from its assets improved initially, then fluctuated, and showed some improvement again later in the period under review.
A rising total asset turnover ratio generally indicates that the company is utilizing its assets more efficiently to generate revenue. However, it's important to consider other factors like industry benchmarks, company strategy, and overall economic conditions in conjunction with this ratio to gain a more comprehensive understanding of Innospec Inc's operational efficiency.
Peer comparison
Dec 31, 2024