Mativ Holdings Inc. (MATV)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,981,100 | 2,026,000 | 2,167,400 | 1,440,000 | 1,074,400 |
| Total assets | US$ in thousands | 2,447,900 | 2,642,400 | 3,675,900 | 2,412,800 | 1,584,900 |
| Total asset turnover | 0.81 | 0.77 | 0.59 | 0.60 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,981,100K ÷ $2,447,900K
= 0.81
The total asset turnover of Mativ Holdings Inc. has been fluctuating over the past five years. It decreased from 0.68 in December 31, 2020, to 0.60 in December 31, 2021, and further to 0.59 in December 31, 2022. This downward trend may indicate inefficiencies in utilizing the company's total assets to generate sales during these two years.
However, there was a notable improvement in total asset turnover in the subsequent years, as the ratio increased to 0.77 in December 31, 2023, and further to 0.81 in December 31, 2024. These increases suggest that Mativ Holdings Inc. became more effective in generating sales revenue relative to its total assets during this period.
Overall, while there were fluctuations in total asset turnover over the five-year period, the recent improvements indicate a positive trend towards better asset utilization and sales generation efficiency within the company. Further analysis of the company's operations and strategies may provide additional insights into the factors driving these changes in total asset turnover.
Peer comparison
Dec 31, 2024