Lincoln Electric Holdings Inc (LECO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,008,670 | 4,191,640 | 3,761,210 | 3,234,180 | 2,655,400 |
| Total assets | US$ in thousands | 3,520,140 | 3,377,300 | 3,180,550 | 2,592,310 | 2,314,450 |
| Total asset turnover | 1.14 | 1.24 | 1.18 | 1.25 | 1.15 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,008,670K ÷ $3,520,140K
= 1.14
The total asset turnover of Lincoln Electric Holdings Inc has shown some fluctuation over the past five years. The ratio increased from 1.15 in December 2020 to 1.25 in December 2021, indicating that the company generated more revenue relative to its total assets during that period. However, it slightly decreased to 1.18 in December 2022 before rising again to 1.24 in December 2023. The most recent data point shows a decrease to 1.14 by December 2024. Overall, the company's ability to utilize its assets efficiently to generate sales has been relatively stable, with some variability in recent years.
Peer comparison
Dec 31, 2024