John Bean Technologies Corporation (JBT)
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 | 1,838,500 | 1,950,600 | 2,102,600 | 2,220,900 | 2,166,100 | 2,064,200 | 1,983,800 | 1,905,300 | 1,853,500 | 1,838,100 | 1,765,500 | 1,701,500 | 1,727,800 | 1,833,900 | 1,904,100 | 1,985,900 | 1,945,700 | 1,937,500 | 1,930,000 | 1,928,000 |
| Total assets | US$ in thousands | 2,710,400 | 2,688,800 | 2,587,800 | 2,579,600 | 2,641,000 | 2,554,500 | 2,222,100 | 2,209,900 | 2,141,400 | 2,038,500 | 1,976,300 | 1,794,300 | 1,805,900 | 1,811,900 | 1,821,000 | 1,884,200 | 1,914,900 | 1,918,800 | 1,912,300 | 1,521,600 |
| Total asset turnover | 0.68 | 0.73 | 0.81 | 0.86 | 0.82 | 0.81 | 0.89 | 0.86 | 0.87 | 0.90 | 0.89 | 0.95 | 0.96 | 1.01 | 1.05 | 1.05 | 1.02 | 1.01 | 1.01 | 1.27 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,838,500K ÷ $2,710,400K
= 0.68
John Bean Technologies Corp's total asset turnover has fluctuated over the past eight quarters, ranging from a low of 0.61 in Q4 2023 to a high of 0.89 in Q2 2022. Total asset turnover is a measure of a company's ability to generate sales in relation to its total assets. A higher turnover ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
The trend in John Bean Technologies Corp's total asset turnover shows some variability, with a general upward trajectory from Q4 2022 to Q2 2023, peaking at 0.89, before experiencing a slight decline in recent quarters. While the company's ability to generate sales relative to its assets has improved compared to the previous year, the recent decrease in total asset turnover may indicate a potential inefficiency or a slowdown in sales growth.
Overall, further analysis and comparison with industry peers are recommended to better understand the factors driving these fluctuations in total asset turnover and to assess the company's performance in utilizing its assets effectively to generate revenue.
Peer comparison
Dec 31, 2023