Gibraltar Industries Inc (ROCK)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,308,760 | 1,377,740 | 1,389,970 | 1,339,780 | 1,032,580 |
| Total assets | US$ in thousands | 1,419,410 | 1,256,450 | 1,210,610 | 1,214,900 | 1,212,490 |
| Total asset turnover | 0.92 | 1.10 | 1.15 | 1.10 | 0.85 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,308,760K ÷ $1,419,410K
= 0.92
Gibraltar Industries Inc's total asset turnover has shown some fluctuations over the past five years. The ratio increased steadily from 0.85 in December 31, 2020, to a peak of 1.15 in December 31, 2022, indicating that the company was able to generate more revenue relative to its total assets during this period. However, there was a slight decline in the ratio to 1.10 in December 31, 2023, and it further dropped to 0.92 by December 31, 2024.
Overall, the company's total asset turnover has shown variability, suggesting that Gibraltar Industries Inc may have experienced changes in its operational efficiency and asset utilization over the years. Further analysis of the company's operational and financial strategies would be beneficial to understand the factors driving these fluctuations in total asset turnover.
Peer comparison
Dec 31, 2024