Nucor Corp (NUE)

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	30,734,410	31,362,940	32,694,510	34,140,600	34,713,500	35,732,930	37,458,000	39,729,240	41,512,560	43,153,000	42,965,400	39,960,060	36,483,900	31,379,560	25,994,320	21,532,470	20,139,670	20,011,360	20,547,900	22,116,580
Total assets	US$ in thousands	33,940,000	34,346,200	34,185,200	33,932,500	35,340,500	34,267,800	33,379,900	32,246,400	32,479,200	32,072,700	31,668,500	28,632,900	25,823,100	24,949,500	22,995,600	21,172,400	20,125,400	19,519,300	18,766,000	17,866,100
Total asset turnover		0.91	0.91	0.96	1.01	0.98	1.04	1.12	1.23	1.28	1.35	1.36	1.40	1.41	1.26	1.13	1.02	1.00	1.03	1.09	1.24

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $30,734,410K ÷ $33,940,000K
= 0.91

The total asset turnover ratio measures the company's ability to generate sales from its assets. For Nucor Corp, the total asset turnover ratio has shown fluctuation over the reporting period.

From March 31, 2020, to June 30, 2021, the total asset turnover ratio remained relatively stable, ranging between 1.24 and 1.13, indicating that Nucor was efficiently utilizing its assets to generate sales.

However, from September 30, 2021, to December 31, 2024, there was a decline in the total asset turnover ratio, falling from 1.26 to 0.91. This indicates that Nucor's ability to generate sales from its assets decreased during this period.

It is important for Nucor to closely monitor and evaluate this ratio as a declining trend may suggest inefficiencies in asset utilization or a need to reassess the company's operating strategies. Further analysis of the underlying factors affecting this ratio is recommended to identify areas of improvement and potential operational adjustments.