Nucor Corp (NUE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 30,734,000 | 34,713,500 | 41,512,500 | 36,483,900 | 20,139,700 |
| Total assets | US$ in thousands | 33,940,000 | 35,340,500 | 32,479,200 | 25,823,100 | 20,125,400 |
| Total asset turnover | 0.91 | 0.98 | 1.28 | 1.41 | 1.00 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $30,734,000K ÷ $33,940,000K
= 0.91
The total asset turnover of Nucor Corp has shown fluctuations over the past five years. The ratio was 1.00 on December 31, 2020, indicating that Nucor generated $1 in revenue for every $1 of total assets during that period. The total asset turnover improved to 1.41 by December 31, 2021, suggesting that the company became more efficient in utilizing its assets to generate revenue.
However, the ratio decreased to 1.28 by December 31, 2022, indicating a slight decline in the company's efficiency in generating revenue from its total assets. This trend continued as the total asset turnover decreased further to 0.98 by December 31, 2023, and to 0.91 by December 31, 2024.
The declining trend in total asset turnover from 2022 to 2024 may suggest that Nucor Corp faced challenges in effectively utilizing its assets to generate revenue during those years. It would be important for the company to evaluate and possibly improve its asset management strategies to enhance its efficiency in generating revenue in the future.
Peer comparison
Dec 31, 2024