LCI Industries (LCII)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,784,810 | 5,207,140 | 4,472,700 | 2,796,170 | 2,371,480 |
| Total assets | US$ in thousands | 2,959,320 | 3,246,910 | 3,288,090 | 2,298,030 | 1,862,600 |
| Total asset turnover | 1.28 | 1.60 | 1.36 | 1.22 | 1.27 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,784,810K ÷ $2,959,320K
= 1.28
The total asset turnover ratio for LCI Industries has varied over the past five years. In 2023, the ratio stands at 1.28, exhibiting a decrease from the previous year's level of 1.60. This indicates that the company generated $1.28 in net sales for each dollar of total assets in 2023. The downward trend in total asset turnover from 2022 to 2023 may suggest inefficiencies in asset utilization or a decline in sales relative to total assets. It is worth noting that the ratio was relatively higher in 2022 compared to 2020 and 2021, indicating better asset productivity in those years. In general, fluctuations in the total asset turnover ratio may signal changes in business operations, efficiency, or revenue generation strategies within LCI Industries over the period under consideration.
Peer comparison
Dec 31, 2023