Matson Inc (MATX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,421,800 | 3,094,600 | 4,343,000 | 3,925,300 | 2,383,300 |
| Total assets | US$ in thousands | 4,595,400 | 4,294,600 | 4,330,000 | 3,693,100 | 2,900,600 |
| Total asset turnover | 0.74 | 0.72 | 1.00 | 1.06 | 0.82 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,421,800K ÷ $4,595,400K
= 0.74
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover generally indicates better asset utilization and efficiency.
Based on the data provided for Matson Inc, the total asset turnover has fluctuated over the years. In December 2020, the total asset turnover was 0.82, indicating that the company generated $0.82 in sales for every dollar of total assets.
There was an improvement in efficiency in December 2021, with the total asset turnover increasing to 1.06. This suggests that Matson Inc managed to generate $1.06 in sales for every dollar of total assets during that period.
In December 2022, the total asset turnover remained at a good level of 1.00, indicating continued efficiency in utilizing assets to generate sales revenue. However, there was a decrease in efficiency in December 2023 and December 2024, with total asset turnovers of 0.72 and 0.74 respectively.
Overall, the trend in total asset turnover for Matson Inc shows fluctuations, with some periods of improved efficiency in asset utilization to generate sales revenue and some periods of lower efficiency. Monitoring this ratio over time can provide insights into the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024