Sturm Ruger & Company Inc (RGR)
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 | 535,643 | 520,485 | 519,091 | 531,134 | 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 |
| Total assets | US$ in thousands | 384,034 | 373,454 | 376,703 | 384,977 | 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 |
| Total asset turnover | 1.39 | 1.39 | 1.38 | 1.38 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $535,643K ÷ $384,034K
= 1.39
Sturm Ruger & Company Inc's total asset turnover has shown fluctuations over the reported periods. The ratio measures how efficiently the company utilizes its assets to generate revenue. The trend indicates that the company's ability to generate sales from its assets improved from around 1.16 in the first half of 2020 to a peak of approximately 1.75 in the first half of 2021. However, there was a slight decline in total asset turnover in the subsequent quarters, with a noticeable drop to 1.23 by the end of 2022.
From 2023 onwards, the total asset turnover remained relatively stable, hovering around 1.40 throughout 2023 and 2024. A higher total asset turnover typically indicates better efficiency in asset utilization, as the company generates more revenue from its assets. For Sturm Ruger & Company Inc, maintaining a total asset turnover above 1 suggests that the company is efficiently managing its assets to generate sales. However, any significant deviations from the current trend may warrant further investigation into the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024