LCI Industries (LCII)
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 | 3,741,204 | 3,775,610 | 3,819,428 | 3,779,528 | 3,784,809 | 3,841,611 | 4,014,376 | 4,535,886 | 5,207,146 | 5,526,210 | 5,559,440 | 5,117,010 | 4,472,700 | 4,042,292 | 3,704,711 | 3,136,756 | 2,796,166 | 2,577,185 | 2,335,677 | 2,438,980 |
| Total assets | US$ in thousands | 2,894,740 | 3,024,960 | 3,011,980 | 2,981,340 | 2,959,320 | 3,033,810 | 3,076,400 | 3,209,370 | 3,246,910 | 3,268,970 | 3,482,700 | 3,640,720 | 3,288,090 | 3,088,180 | 2,776,180 | 2,500,470 | 2,298,030 | 2,110,680 | 2,018,270 | 2,051,210 |
| Total asset turnover | 1.29 | 1.25 | 1.27 | 1.27 | 1.28 | 1.27 | 1.30 | 1.41 | 1.60 | 1.69 | 1.60 | 1.41 | 1.36 | 1.31 | 1.33 | 1.25 | 1.22 | 1.22 | 1.16 | 1.19 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,741,204K ÷ $2,894,740K
= 1.29
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate sales.
Looking at the data provided for LCI Industries, we can see that the total asset turnover has been showing a general increasing trend over the past few years. The ratio increased from 1.19 in March 2020 to 1.29 in December 2024, with some fluctuations in between.
The company's total asset turnover improved steadily, reaching a peak of 1.69 in September 2022 before experiencing a slight decline. Despite the fluctuations, the ratio has remained above 1, indicating that LCI Industries is efficiently using its assets to generate sales.
Overall, the trend in LCI Industries' total asset turnover suggests that the company has been successful in managing its assets effectively to drive revenue growth. Additional analysis and comparisons with industry benchmarks could provide further insights into the company's operational efficiency.
Peer comparison
Dec 31, 2024