Lincoln Electric Holdings Inc (LECO)
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 | 4,007,387 | 4,043,867 | 4,093,318 | 4,132,638 | 4,191,620 | 4,064,044 | 3,966,074 | 3,875,103 | 3,761,211 | 3,674,528 | 3,545,742 | 3,402,607 | 3,234,180 | 3,083,723 | 2,946,157 | 2,710,430 | 2,655,400 | 2,697,913 | 2,759,808 | 2,946,089 |
| Total assets | US$ in thousands | 3,520,140 | 3,664,540 | 3,415,250 | 3,379,720 | 3,377,300 | 3,325,900 | 3,311,190 | 3,253,200 | 3,180,550 | 2,651,960 | 2,741,810 | 2,736,340 | 2,592,310 | 2,568,800 | 2,512,730 | 2,361,750 | 2,314,450 | 2,217,500 | 2,199,040 | 2,305,900 |
| Total asset turnover | 1.14 | 1.10 | 1.20 | 1.22 | 1.24 | 1.22 | 1.20 | 1.19 | 1.18 | 1.39 | 1.29 | 1.24 | 1.25 | 1.20 | 1.17 | 1.15 | 1.15 | 1.22 | 1.26 | 1.28 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,007,387K ÷ $3,520,140K
= 1.14
The total asset turnover of Lincoln Electric Holdings Inc has shown fluctuations over the past few years. The ratio indicates how efficiently the company is utilizing its total assets to generate revenue.
From March 31, 2020, to June 30, 2022, the total asset turnover remained relatively stable, ranging between 1.15 and 1.29. This suggests that the company was able to generate sales revenue fairly consistently in relation to its total assets during this period.
However, from September 30, 2022, to December 31, 2024, there was a more noticeable variation in the total asset turnover, with the ratio decreasing to 1.10 by September 30, 2024. This downward trend may indicate a decrease in the company's efficiency in generating revenue from its total assets during this period.
Overall, the total asset turnover ratio provides insights into how effectively Lincoln Electric Holdings Inc is using its assets to generate sales revenue, highlighting the need for further investigation into the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024