Minerals Technologies Inc (MTX)
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 | 2,118,500 | 2,124,900 | 2,148,000 | 2,158,300 | 2,169,900 | 2,153,000 | 2,147,100 | 2,152,600 | 2,125,600 | 2,094,900 | 2,026,200 | 1,924,800 | 1,858,300 | 1,813,200 | 1,728,300 | 1,629,900 | 1,594,800 | 1,603,200 | 1,664,200 | 1,770,800 |
| Total assets | US$ in thousands | 3,393,900 | 3,394,000 | 3,346,000 | 3,339,100 | 3,346,600 | 3,344,700 | 3,408,200 | 3,450,700 | 3,399,100 | 3,387,300 | 3,403,100 | 3,425,800 | 3,374,200 | 3,384,300 | 3,253,300 | 3,213,200 | 3,209,400 | 3,214,100 | 3,056,900 | 3,069,100 |
| Total asset turnover | 0.62 | 0.63 | 0.64 | 0.65 | 0.65 | 0.64 | 0.63 | 0.62 | 0.63 | 0.62 | 0.60 | 0.56 | 0.55 | 0.54 | 0.53 | 0.51 | 0.50 | 0.50 | 0.54 | 0.58 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,118,500K ÷ $3,393,900K
= 0.62
Minerals Technologies Inc has demonstrated a consistent improvement in its total asset turnover ratio over the period from March 31, 2020 to December 31, 2024. The total asset turnover ratio, which measures the ability of the company to generate revenue from its assets, increased from 0.58 in March 2020 to 0.62 in December 2024. This indicates that the company has become more efficient in utilizing its assets to generate sales revenue over time. The gradual increase in the total asset turnover ratio suggests improved asset management and operational efficiency within Minerals Technologies Inc.
Peer comparison
Dec 31, 2024