Gibraltar Industries Inc (ROCK)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,377,740 | 1,389,970 | 1,339,780 | 1,032,580 | 898,233 |
| Total assets | US$ in thousands | 1,256,450 | 1,210,610 | 1,214,900 | 1,212,490 | 984,450 |
| Total asset turnover | 1.10 | 1.15 | 1.10 | 0.85 | 0.91 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,377,740K ÷ $1,256,450K
= 1.10
Gibraltar Industries Inc.'s total asset turnover ratio has fluctuated over the past five years. The ratio peaked at 1.15 in 2022 before slightly decreasing to 1.10 in 2023 and 2021. This suggests that the company generated $1.10 in revenue for every dollar of assets in both 2023 and 2021.
In 2020, the total asset turnover ratio was at its lowest point, indicating that the company generated $0.85 in revenue for each dollar of assets. This may signal inefficiency in asset utilization during that year.
However, the ratio rebounded in 2019 to 1.06, showing a moderate improvement in asset turnover efficiency compared to 2020. Overall, fluctuations in total asset turnover indicate varying levels of revenue generation relative to the company's asset base over the past five years.
Peer comparison
Dec 31, 2023