Matson Inc (MATX)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,081,800 | 4,326,500 | 3,903,500 | 2,353,100 | 2,182,000 |
| Total assets | US$ in thousands | 4,294,600 | 4,330,000 | 3,693,100 | 2,900,600 | 2,845,400 |
| Total asset turnover | 0.72 | 1.00 | 1.06 | 0.81 | 0.77 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,081,800K ÷ $4,294,600K
= 0.72
The total asset turnover ratio for Matson Inc has fluctuated over the past five years, indicating varying levels of efficiency in utilizing its assets to generate revenue. In 2023, the total asset turnover ratio was 0.72, implying that the company generated $0.72 in revenue for every dollar of assets. This represents a decrease from the prior year, where the ratio stood at 1.00.
The highest total asset turnover ratio was observed in 2021 at 1.06, suggesting that the company was more efficient in generating revenue relative to its asset base during that period. Conversely, the lowest ratio was noted in 2020 at 0.82, indicating a decline in asset utilization efficiency.
Overall, the fluctuating trend observed in Matson Inc's total asset turnover ratio may indicate variations in operational efficiency and asset management practices across the years under review. Further analysis of the company's operational strategies and financial performance dynamics may be warranted to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2023