Nucor Corp (NUE)

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 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 22,588,860 23,752,990 25,030,690 25,595,470
Total assets US$ in thousands 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 18,344,700 18,506,300 18,126,500 18,086,700
Total asset turnover 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 1.23 1.28 1.38 1.42

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $34,713,500K ÷ $35,340,500K
= 0.98

The total asset turnover ratio for Nucor Corp. has exhibited a fluctuating trend over the past eight quarters. During Q1 2022, the company generated $1.40 in revenue for every dollar of assets it held, indicating efficient asset utilization. Subsequently, the ratio declined gradually, reaching its lowest point of 0.98 in Q4 2023. This decrease suggests a relative decrease in revenue generated per dollar of assets during this period.

Fluctuations in total asset turnover may indicate varying levels of operational efficiency and asset utilization within Nucor Corp. Higher ratios, such as those observed in Q1 2022, are generally favorable as they signify that the company is generating more revenue relative to its asset base. Conversely, lower ratios, like the one recorded in Q4 2023, may point to potential inefficiencies in asset management or declining revenue generation capabilities.

It would be important for stakeholders to investigate the factors contributing to the fluctuations in total asset turnover to better understand Nucor Corp.'s operational performance and ability to effectively utilize its assets to generate revenue.


Peer comparison

Dec 31, 2023