LCI Industries (LCII)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,741,210 | 3,784,810 | 5,207,140 | 4,472,700 | 2,796,170 |
| Total assets | US$ in thousands | 2,894,740 | 2,959,320 | 3,246,910 | 3,288,090 | 2,298,030 |
| Total asset turnover | 1.29 | 1.28 | 1.60 | 1.36 | 1.22 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,741,210K ÷ $2,894,740K
= 1.29
The total asset turnover ratio for LCI Industries has shown some fluctuations over the past five years. In December 2020, the ratio was 1.22, indicating that the company generated $1.22 in revenue for every dollar of assets it had.
By December 2021, the total asset turnover ratio improved to 1.36, suggesting that the company became more efficient in utilizing its assets to generate revenue. This trend continued into December 2022, where the ratio increased to 1.60, signaling a significant improvement in asset utilization efficiency.
However, in December 2023, the total asset turnover ratio decreased to 1.28, which indicates a slight decline in the efficiency of the company's asset utilization in generating revenue. By December 2024, the ratio remained relatively stable at 1.29, suggesting that the company's asset turnover maintained a similar level compared to the previous year.
Overall, the fluctuation in the total asset turnover ratio of LCI Industries over the five-year period indicates varying degrees of effectiveness in utilizing its assets to generate revenue, with notable improvements in efficiency in some years and slight declines in others.
Peer comparison
Dec 31, 2024