Sturm Ruger & Company Inc (RGR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 535,643 | 543,767 | 595,842 | 730,736 | 568,868 |
| Total assets | US$ in thousands | 384,034 | 398,817 | 484,763 | 442,343 | 348,258 |
| Total asset turnover | 1.39 | 1.36 | 1.23 | 1.65 | 1.63 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $535,643K ÷ $384,034K
= 1.39
The total asset turnover ratio for Sturm Ruger & Company Inc has shown variations over the years based on the provided data. In 2020, the total asset turnover was 1.63, indicating that the company generated $1.63 in revenue for every dollar of assets. This ratio increased slightly to 1.65 in 2021, suggesting improved efficiency in asset utilization.
However, there was a decrease in total asset turnover to 1.23 in 2022, indicating a potential decline in revenue generated per dollar of assets. The ratio then improved to 1.36 in 2023 and further to 1.39 in 2024, reflecting a recovery in asset utilization efficiency.
Overall, the trend in the total asset turnover ratio suggests some fluctuations in how effectively Sturm Ruger & Company Inc is leveraging its assets to generate revenue. It is important for the company to continue monitoring and managing its asset turnover to ensure optimal utilization and profitability.
Peer comparison
Dec 31, 2024