Powell Industries Inc (POWL)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,012,356 | 945,934 | 850,294 | 766,793 | 699,796 | 653,831 | 598,957 | 555,377 | 535,053 | 501,832 | 480,115 | 470,930 | 470,939 | 456,201 | 458,430 | 491,256 | 518,713 | 552,500 | 569,863 | 541,877 |
| Total assets | US$ in thousands | 928,180 | 868,983 | 849,618 | 807,949 | 752,242 | 671,098 | 587,096 | 513,672 | 493,380 | 451,804 | 439,705 | 423,800 | 436,192 | 421,961 | 440,748 | 448,310 | 472,278 | 487,198 | 446,597 | 466,451 |
| Total asset turnover | 1.09 | 1.09 | 1.00 | 0.95 | 0.93 | 0.97 | 1.02 | 1.08 | 1.08 | 1.11 | 1.09 | 1.11 | 1.08 | 1.08 | 1.04 | 1.10 | 1.10 | 1.13 | 1.28 | 1.16 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,012,356K ÷ $928,180K
= 1.09
The total asset turnover ratio for Powell Industries Inc has been fluctuating over the past few quarters. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio generally implies better efficiency in asset utilization.
From the provided data, we observe that the total asset turnover ratio reached its peak at 1.28 in the fourth quarter of 2019, indicating the company was generating $1.28 in revenue for every $1 of assets. However, this ratio has since decreased and has been fluctuating between 0.93 and 1.11 for the recent quarters.
The company's total asset turnover ratio in the most recent quarter of September 2024 was 1.09, suggesting that Powell Industries Inc generated $1.09 in revenue for every $1 of assets held during that period. This ratio has remained relatively stable in the range of 1.00 to 1.11 over the past few quarters.
Overall, while the total asset turnover ratio for Powell Industries Inc has shown some variability, it appears to have maintained a moderate level of efficiency in utilizing its assets to generate revenue in recent quarters. Further analysis and comparison with industry benchmarks may provide more insights into the company's asset management efficiency.
Peer comparison
Sep 30, 2024