MSA Safety (MSA)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,787,650 | 1,527,950 | 1,400,180 | 1,348,220 | 1,401,980 |
| Total assets | US$ in thousands | 2,170,150 | 2,376,980 | 2,396,400 | 1,919,630 | 1,781,800 |
| Total asset turnover | 0.82 | 0.64 | 0.58 | 0.70 | 0.79 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,787,650K ÷ $2,170,150K
= 0.82
MSA Safety Inc's total asset turnover has fluctuated over the past five years. The company's total asset turnover ratio in 2023 was 0.82, which indicates that for every dollar of assets, the company generated $0.82 in sales. This reflects an improvement compared to the ratios in 2022 (0.64) and 2021 (0.58), suggesting that the company has become more efficient in utilizing its assets to generate sales.
However, the total asset turnover ratio in 2023 was still below the levels seen in 2019 (0.81) and 2020 (0.72), indicating some variability in the company's asset utilization efficiency. Overall, the upward trend in the total asset turnover ratio from 2021 to 2023 suggests that MSA Safety Inc has been improving its operational efficiency in terms of asset utilization, which is a positive indicator for investors and stakeholders.
Peer comparison
Dec 31, 2023