Minerals Technologies Inc (MTX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,118,500 | 2,169,900 | 2,125,500 | 1,858,300 | 1,594,800 |
| Total assets | US$ in thousands | 3,393,900 | 3,346,600 | 3,399,100 | 3,374,200 | 3,209,400 |
| Total asset turnover | 0.62 | 0.65 | 0.63 | 0.55 | 0.50 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,118,500K ÷ $3,393,900K
= 0.62
The total asset turnover of Minerals Technologies Inc has shown a positive trend over the past five years. The ratio has increased from 0.50 in December 31, 2020, to 0.62 in December 31, 2024. This indicates that the company generated $0.62 in revenue for every dollar of assets in 2024, compared to $0.50 in 2020.
The gradual improvement in total asset turnover suggests that the company has been more effective in utilizing its assets to generate revenue over the years. This could be attributed to better operational efficiency, improved asset management, or increased sales productivity.
Overall, the increasing total asset turnover ratio reflects positively on the company's ability to generate more revenue from its asset base, indicating improving efficiency in utilizing its resources to drive business performance.
Peer comparison
Dec 31, 2024