Materion Corporation (MTRN)
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 | 1,640,521 | 1,651,211 | 1,609,993 | 1,574,968 | 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 |
| Total assets | US$ in thousands | 1,697,630 | 1,857,020 | 1,803,880 | 1,805,180 | 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 |
| Total asset turnover | 0.97 | 0.89 | 0.89 | 0.87 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,640,521K ÷ $1,697,630K
= 0.97
Total asset turnover measures the efficiency of Materion Corporation in utilizing its total assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
Looking at the data provided:
- Materion's total asset turnover has been fluctuating over the years.
- From March 2020 to December 2021, the total asset turnover was relatively low, indicating inefficiency in asset utilization.
- However, from March 2022 onwards, there was a significant improvement in total asset turnover, reaching as high as 1.65 by September 2022.
- The high total asset turnover from March 2022 to September 2022 suggests that Materion was able to generate significantly higher revenue relative to its total assets during that period.
- Despite some fluctuations thereafter, the total asset turnover generally remained above 0.80 from March 2023 to December 2024, indicating improved efficiency in asset utilization compared to the earlier periods.
In conclusion, Materion Corporation has shown improvements in its total asset turnover over the years, reflecting better efficiency in generating revenue from its total assets, particularly starting from March 2022.