Sturm Ruger & Company Inc (RGR)
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 | 543,767 | 562,374 | 580,871 | 578,720 | 595,842 | 614,659 | 653,515 | 712,934 | 730,736 | 731,955 | 699,414 | 629,606 | 568,868 | 504,747 | 454,041 | 420,106 | 410,506 | 426,488 | 446,434 | 478,516 |
| Total assets | US$ in thousands | 398,817 | 400,350 | 396,898 | 389,097 | 484,763 | 460,902 | 443,732 | 446,478 | 442,343 | 420,061 | 398,876 | 364,129 | 348,258 | 310,568 | 389,856 | 362,399 | 348,961 | 328,507 | 320,917 | 331,711 |
| Total asset turnover | 1.36 | 1.40 | 1.46 | 1.49 | 1.23 | 1.33 | 1.47 | 1.60 | 1.65 | 1.74 | 1.75 | 1.73 | 1.63 | 1.63 | 1.16 | 1.16 | 1.18 | 1.30 | 1.39 | 1.44 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $543,767K ÷ $398,817K
= 1.36
The total asset turnover ratio for Sturm, Ruger & Co., Inc. has exhibited some fluctuations over the past eight quarters. From Q4 2022 to Q1 2023, there was a steady upward trend in the asset turnover ratio, indicating that the company was generating more revenue for each dollar of total assets. However, this trend reversed in Q2 and Q3 2023, where the total asset turnover ratio declined slightly.
Overall, Sturm, Ruger & Co., Inc. has maintained a relatively healthy total asset turnover ratio above 1 throughout the analyzed periods. A total asset turnover ratio above 1 generally indicates that the company is effectively utilizing its assets to generate revenue. However, the decreasing trend in recent quarters may suggest a potential inefficiency in asset utilization or a slowdown in revenue generation relative to total assets. Further analysis would be necessary to understand the specific factors driving these shifts in total asset turnover.
Peer comparison
Dec 31, 2023