Otter Tail Corporation (OTTR)

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	1,329,974	1,345,648	1,367,062	1,362,714	1,355,764	1,347,816	1,372,872	1,434,862	1,469,475	1,492,823	1,425,261	1,310,829	1,197,635	1,083,525	1,002,986	910,134	883,171	878,934	871,831	908,278
Total assets	US$ in thousands	3,652,080	3,566,740	3,460,780	3,326,030	3,242,570	3,187,470	3,093,990	2,987,410	2,901,660	2,897,900	2,875,500	2,791,740	2,754,830	2,713,150	2,671,590	2,618,540	2,578,350	2,534,510	2,389,240	2,306,000
Total asset turnover		0.36	0.38	0.40	0.41	0.42	0.42	0.44	0.48	0.51	0.52	0.50	0.47	0.43	0.40	0.38	0.35	0.34	0.35	0.36	0.39

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,329,974K ÷ $3,652,080K
= 0.36

Total asset turnover for Otter Tail Corporation has shown a fluctuating trend over the analyzed period, starting at 0.39 on March 31, 2020, and experiencing some ups and downs before reaching 0.36 on June 30, 2020. The ratio then experienced a slight decrease to 0.34 by December 31, 2020, before gradually increasing to 0.51 by December 31, 2022.

From December 31, 2022, to December 31, 2024, the total asset turnover ratio remained within a relatively narrow range of 0.41 to 0.36, indicating a stable level of efficiency in generating sales revenue relative to the company's total assets. Overall, the trend suggests that the company's ability to generate sales from its total assets has been reasonably consistent, with some fluctuations observed throughout the periods analyzed.