Enpro Industries (NPO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,048,700 | 1,059,300 | 1,099,200 | 1,141,800 | 1,074,000 |
| Total assets | US$ in thousands | 2,491,500 | 2,499,500 | 2,647,800 | 2,968,700 | 2,083,600 |
| Total asset turnover | 0.42 | 0.42 | 0.42 | 0.38 | 0.52 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,048,700K ÷ $2,491,500K
= 0.42
Enpro Industries' total asset turnover has experienced fluctuations over the past five years. The ratio declined from 0.52 in December 31, 2020, to 0.38 in December 31, 2021, indicating a decrease in the efficiency of generating sales from its total assets. However, in the subsequent years through to December 31, 2024, the total asset turnover remained relatively stable at around 0.42, suggesting a consistent performance in utilizing assets to generate revenue. Overall, although there was an initial decline, Enpro Industries managed to maintain a steady level of total asset turnover in the following years.