Middleby Corp (MIDD)
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 | 3,875,161 | 3,869,861 | 3,907,703 | 3,956,137 | 4,036,611 | 4,059,731 | 4,071,951 | 4,045,571 | 4,032,847 | 3,867,563 | 3,692,237 | 3,487,410 | 3,250,792 | 3,113,672 | 2,930,652 | 2,593,856 | 2,513,257 | 2,571,587 | 2,661,076 | 2,950,103 |
| Total assets | US$ in thousands | 7,283,150 | 7,201,080 | 7,025,780 | 6,930,400 | 6,906,690 | 6,922,610 | 6,984,760 | 6,956,140 | 6,874,870 | 6,671,860 | 6,579,370 | 6,474,160 | 6,383,600 | 5,772,850 | 5,422,780 | 5,289,910 | 5,202,470 | 5,020,180 | 5,414,700 | 5,277,980 |
| Total asset turnover | 0.53 | 0.54 | 0.56 | 0.57 | 0.58 | 0.59 | 0.58 | 0.58 | 0.59 | 0.58 | 0.56 | 0.54 | 0.51 | 0.54 | 0.54 | 0.49 | 0.48 | 0.51 | 0.49 | 0.56 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,875,161K ÷ $7,283,150K
= 0.53
Middleby Corp's total asset turnover has shown fluctuations over the quarters, ranging from a low of 0.48 in December 31, 2020, to a high of 0.59 in both September 30, 2023, and December 31, 2023. Overall, the trend seems to be relatively stable, with slight ups and downs, indicating that the company is effectively utilizing its assets to generate revenue. The ratio has generally remained in the range of 0.49 to 0.59, reflecting a moderate efficiency in utilizing its resources to generate sales. A higher total asset turnover ratio indicates that the company is generating more sales relative to its assets, which is a positive indicator of efficient asset management.
Peer comparison
Dec 31, 2024