Quanex Building Products (NX)
Total asset turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,275,900 | 1,085,708 | 1,102,973 | 1,109,013 | 1,130,825 | 1,136,294 | 1,162,759 | 1,214,361 | 1,221,502 | 1,205,738 | 1,161,578 | 1,109,042 | 1,072,149 | 1,035,786 | 968,005 | 885,123 | 851,573 | 836,537 | 862,902 | 893,630 |
| Total assets | US$ in thousands | 2,319,790 | 872,450 | 837,213 | 813,420 | 831,143 | 847,809 | 822,112 | 827,026 | 724,617 | 743,607 | 740,490 | 718,272 | 717,323 | 719,192 | 715,572 | 694,271 | 691,585 | 686,791 | 712,885 | 667,200 |
| Total asset turnover | 0.55 | 1.24 | 1.32 | 1.36 | 1.36 | 1.34 | 1.41 | 1.47 | 1.69 | 1.62 | 1.57 | 1.54 | 1.49 | 1.44 | 1.35 | 1.27 | 1.23 | 1.22 | 1.21 | 1.34 |
October 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,275,900K ÷ $2,319,790K
= 0.55
Quanex Building Products' total asset turnover has exhibited fluctuating trends over the past few years, ranging from a low of 0.55 to a high of 1.69. The general pattern indicates an increasing trend from 2020 to 2022, with the ratio peaking in January 2023 at 1.47 before experiencing a slight dip in the subsequent quarter. However, from January 2023 to January 2024, there was a noticeable increase in total asset turnover, reaching a high of 1.36. This was followed by a consistent downward trend until October 2024, where the ratio stood at 0.55.
The variability in total asset turnover suggests fluctuations in how efficiently Quanex Building Products utilizes its assets to generate sales revenue. A higher turnover ratio indicates that the company is effectively utilizing its assets to generate sales, while a lower ratio could signify inefficiencies in asset management. Further analysis of the company's operations and financial performance would be needed to understand the factors driving these fluctuations in total asset turnover.
Peer comparison
Oct 31, 2024