Matson Inc (MATX)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	3,081,800	3,095,300	3,380,000	3,866,100	4,326,500	4,790,200	4,746,900	4,359,700	3,903,500	3,335,600	2,908,600	2,555,100	2,355,900	2,195,800	2,122,200	2,158,100	2,180,600	2,206,100	2,225,200	2,225,500
Total assets	US$ in thousands	4,294,600	4,292,800	4,218,100	4,227,300	4,330,000	4,459,000	4,158,600	3,977,500	3,693,100	3,222,800	3,036,200	2,929,700	2,900,600	2,806,700	2,777,600	2,835,900	2,845,400	2,753,800	2,657,500	2,676,800
Total asset turnover		0.72	0.72	0.80	0.91	1.00	1.07	1.14	1.10	1.06	1.04	0.96	0.87	0.81	0.78	0.76	0.76	0.77	0.80	0.84	0.83

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,081,800K ÷ $4,294,600K
= 0.72

Matson Inc's total asset turnover has shown a declining trend over the past two years. The ratio decreased from 1.00 in Q4 2022 to 0.72 in Q4 2023, indicating that the company generated $0.72 in revenue for every dollar of assets. This downward trend continued in Q1 2023, with total asset turnover dropping to 0.92, before stabilizing at 0.72 in Q3 2023. However, there was a slight improvement in Q2 2023, where the ratio increased to 0.80.

Overall, the decreasing total asset turnover suggests that Matson Inc may be facing challenges in efficiently utilizing its assets to generate revenue. Further analysis and comparison with industry benchmarks may be necessary to determine the underlying factors contributing to this trend and identify potential areas for improvement.