Materion Corporation (MTRN)

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	1,633,620	1,648,357	1,675,646	1,725,472	1,735,899	2,803,789	2,384,788	1,947,417	1,504,455	348,644	352,178	357,767	364,481	304,953	315,512	325,994	333,810	351,719	347,825	339,962
Total assets	US$ in thousands	1,762,730	1,748,600	1,737,710	1,717,980	1,691,980	1,702,320	1,703,110	1,666,910	1,607,480	1,182,660	1,141,500	1,098,270	1,057,860	1,084,810	1,041,220	846,076	898,430	839,839	836,846	824,762
Total asset turnover		0.93	0.94	0.96	1.00	1.03	1.65	1.40	1.17	0.94	0.29	0.31	0.33	0.34	0.28	0.30	0.39	0.37	0.42	0.42	0.41

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,633,620K ÷ $1,762,730K
= 0.93

Materion Corp's total asset turnover has shown a fluctuating trend over the past eight quarters, ranging between 0.94 and 1.04. The metric indicates how efficiently the company is utilizing its assets to generate revenue. A total asset turnover ratio of less than 1 suggests that the company is not generating enough revenue relative to its asset base in each period.

The gradual increase from Q1 2023 to Q4 2022, reaching a peak of 1.04, indicates improving efficiency in generating revenue from its total assets. However, the subsequent decrease in Q4 2023 to 0.94 might raise concerns about asset utilization efficiency. It would be essential for Materion Corp to closely monitor and manage its asset turnover to ensure optimal performance and effective resource allocation.