Mativ Holdings Inc. (MATV)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,959,100 | 2,091,700 | 1,421,900 | 1,043,000 | 985,300 |
| Total assets | US$ in thousands | 2,642,400 | 3,669,200 | 2,420,300 | 1,584,900 | 1,471,700 |
| Total asset turnover | 0.74 | 0.57 | 0.59 | 0.66 | 0.67 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,959,100K ÷ $2,642,400K
= 0.74
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its total assets. A higher total asset turnover indicates that the company is utilizing its assets more efficiently to generate revenue.
Looking at the data provided for Mativ Holdings Inc, we can see that the total asset turnover has fluctuated over the past five years. In 2023, the total asset turnover is 0.77, which implies that for every dollar of total assets, the company generated $0.77 in sales. This represents an improvement from the previous year, where the ratio was 0.59.
Comparing the total asset turnover of 2023 to earlier years, we can see that it is higher than in 2022 and 2021 when it was also 0.59, indicating that in 2023, the company was more efficient in utilizing its assets to generate sales revenue. However, it is slightly lower compared to 2020 and 2019 when the total asset turnover was 0.68 and 0.69, respectively.
Overall, the trend in total asset turnover for Mativ Holdings Inc indicates some fluctuations, but the company has shown improvements in asset efficiency in 2023 compared to the previous year. Further analysis and comparison with industry benchmarks may provide additional insights into the company's asset management and operational performance.
Peer comparison
Dec 31, 2023