Enpro Industries (NPO)

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	1,048,700	1,039,400	1,029,200	1,034,200	1,059,300	1,082,100	1,111,500	1,167,900	1,214,000	1,222,900	1,225,900	1,191,200	1,141,800	1,137,000	1,122,200	1,070,600	1,074,000	1,084,500	1,189,200	1,329,200
Total assets	US$ in thousands	2,491,500	2,533,800	2,521,900	2,527,800	2,499,500	2,501,300	2,633,100	2,671,500	2,647,800	2,694,600	2,814,700	2,912,800	2,968,700	2,152,700	2,126,800	2,080,500	2,083,600	2,024,000	2,055,400	2,041,600
Total asset turnover		0.42	0.41	0.41	0.41	0.42	0.43	0.42	0.44	0.46	0.45	0.44	0.41	0.38	0.53	0.53	0.51	0.52	0.54	0.58	0.65

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,048,700K ÷ $2,491,500K
= 0.42

Enpro Industries' total asset turnover has been exhibiting a slight downward trend from 0.65 as of March 31, 2020, reaching its lowest point at 0.38 by December 31, 2021. However, it has shown some stability since then, hovering around 0.41 to 0.42 from March 31, 2022, to December 31, 2024.

A total asset turnover ratio below 1 indicates that the company is generating less revenue per dollar of assets, suggesting inefficiency in asset utilization. The decreasing trend observed may indicate challenges in effectively using the company's assets to generate sales over this period. Further analysis and comparison with industry benchmarks would be beneficial to understand the underlying factors impacting Enpro Industries' total asset turnover performance.