Mohawk Industries Inc (MHK)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,836,900 | 10,811,980 | 10,859,170 | 11,008,300 | 11,135,120 | 11,173,520 | 11,324,870 | 11,527,630 | 11,737,070 | 11,847,130 | 11,746,610 | 11,547,250 | 11,200,620 | 11,081,640 | 10,839,490 | 9,935,460 | 9,552,190 | 9,334,940 | 9,279,250 | 9,813,930 |
| Total assets | US$ in thousands | 12,778,600 | 13,313,200 | 13,279,600 | 13,531,500 | 13,559,900 | 13,138,500 | 14,585,200 | 14,763,500 | 14,120,400 | 13,801,000 | 14,689,500 | 14,386,700 | 14,224,500 | 14,450,300 | 14,792,800 | 14,290,100 | 14,327,800 | 13,784,200 | 13,369,400 | 13,256,900 |
| Total asset turnover | 0.85 | 0.81 | 0.82 | 0.81 | 0.82 | 0.85 | 0.78 | 0.78 | 0.83 | 0.86 | 0.80 | 0.80 | 0.79 | 0.77 | 0.73 | 0.70 | 0.67 | 0.68 | 0.69 | 0.74 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,836,900K ÷ $12,778,600K
= 0.85
The total asset turnover of Mohawk Industries Inc has shown fluctuations over the past few years, ranging from 0.67 to 0.86. The ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate revenue.
From March 31, 2020, to December 31, 2021, the total asset turnover decreased slightly from 0.74 to 0.67, suggesting a potential decrease in efficiency in utilizing assets to generate revenue. However, from March 31, 2022, to December 31, 2024, the ratio improved consistently, reaching a high of 0.85 by the end of December 2024.
Overall, the trend indicates that Mohawk Industries Inc has been gradually improving its efficiency in utilizing assets to generate sales revenue over the analyzed period, which is a positive sign for the company's operational performance.
Peer comparison
Dec 31, 2024