Enpro Industries (NPO)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,013,100	1,047,200	1,078,000	1,139,100	1,189,800	1,130,600	1,139,000	1,108,000	1,061,700	1,115,600	1,100,800	1,049,300	1,052,000	1,071,900	1,180,600	1,324,500	1,406,800	1,501,700	1,516,900	1,523,500
Total assets	US$ in thousands	2,499,500	2,501,300	2,633,100	2,671,500	2,647,800	2,694,600	2,814,700	2,912,800	2,974,600	2,152,700	2,126,800	2,080,500	2,083,600	2,024,000	2,055,400	2,041,600	2,035,100	2,069,700	1,725,300	1,747,100
Total asset turnover		0.41	0.42	0.41	0.43	0.45	0.42	0.40	0.38	0.36	0.52	0.52	0.50	0.50	0.53	0.57	0.65	0.69	0.73	0.88	0.87

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,013,100K ÷ $2,499,500K
= 0.41

The total asset turnover for Enpro Inc has been fluctuating over the past eight quarters, ranging from 0.38 to 0.45. The company's ability to generate revenue from its total assets has shown some variability, with Q3 2022 and Q4 2022 demonstrating the highest turnover ratios at 0.45. However, in the most recent quarters, the total asset turnover has decreased slightly, reaching a low of 0.38 in Q2 2023. This indicates that Enpro Inc may be less efficient in utilizing its total assets to generate sales revenue compared to previous quarters. Further analysis is needed to understand the underlying reasons for these fluctuations and to assess the company's overall performance in managing its assets effectively.