JBTMarel Corp (JBTM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,716,000 | 1,664,400 | 1,590,300 | 1,400,800 | 1,727,800 |
| Total assets | US$ in thousands | 3,413,800 | 2,710,400 | 2,641,000 | 2,141,400 | 1,805,900 |
| Total asset turnover | 0.50 | 0.61 | 0.60 | 0.65 | 0.96 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,716,000K ÷ $3,413,800K
= 0.50
The total asset turnover ratio of JBTMarel Corp demonstrates a notable decline over the analyzed period from December 31, 2020, to December 31, 2024. Specifically, the ratio decreased from 0.96 in 2020 to 0.65 in 2021, indicating a reduction in the company's efficiency in utilizing its total assets to generate sales. This downward trend persisted into 2022, with the ratio further decreasing to 0.60, and continued marginally into 2023, reaching 0.61. However, in 2024, the ratio declined again to 0.50, reflecting a continued decrease in asset utilization efficiency.
This pattern suggests that over the four-year span, JBTMarel Corp's capacity to convert its asset base into revenue has diminished. Factors contributing to this decline could include changes in sales volume relative to the asset base, shifts in operational efficiency, or strategic alterations affecting asset deployment. The overall trend underscores a potential decrease in operational or sales efficiency, warranting further investigation into underlying operational or market factors affecting asset utilization.
Peer comparison
Dec 31, 2024