MSA Safety (MSA)

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	1,808,140	1,803,802	1,817,851	1,802,687	1,787,647	1,735,543	1,670,509	1,595,523	1,527,953	1,494,967	1,453,470	1,422,446	1,400,182	1,378,162	1,342,357	1,315,506	1,348,223	1,335,230	1,381,852	1,417,089
Total assets	US$ in thousands	2,205,780	2,241,930	2,243,570	2,174,330	2,170,150	2,194,340	2,199,150	2,179,670	2,376,980	2,387,290	2,408,450	2,415,780	2,396,400	2,259,450	1,963,230	1,942,760	1,872,480	1,792,660	1,752,940	1,730,930
Total asset turnover		0.82	0.80	0.81	0.83	0.82	0.79	0.76	0.73	0.64	0.63	0.60	0.59	0.58	0.61	0.68	0.68	0.72	0.74	0.79	0.82

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,808,140K ÷ $2,205,780K
= 0.82

From the data provided, MSA Safety's total asset turnover has shown a gradual decrease over the past few years. Total asset turnover is a measure of how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.

MSA Safety's total asset turnover was at 0.82 in December 2024, representing a slight improvement compared to the lowest point of 0.58 in December 2021. However, the ratio remains lower than it was at the beginning of the period in March 2020, where it stood at 0.82.

The decreasing trend in total asset turnover may indicate that the company is becoming less efficient in generating revenue from its assets. This could be a result of various factors such as inefficient asset utilization, declining sales, or an increase in total assets without a corresponding increase in revenue.

It would be important for MSA Safety to further analyze the reasons behind the declining total asset turnover and take appropriate measures to improve asset efficiency and overall financial performance.