Gibraltar Industries Inc (ROCK)
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 | 1,377,736 | 1,362,786 | 1,363,333 | 1,365,368 | 1,389,966 | 1,410,554 | 1,388,616 | 1,370,056 | 1,339,783 | 1,270,535 | 1,197,974 | 1,104,769 | 1,032,578 | 993,411 | 957,403 | 926,474 | 898,233 | 913,112 | 932,414 | 974,195 |
| Total assets | US$ in thousands | 1,256,450 | 1,288,050 | 1,238,580 | 1,208,490 | 1,210,610 | 1,326,260 | 1,295,410 | 1,242,340 | 1,214,900 | 1,232,220 | 1,186,130 | 1,155,190 | 1,212,490 | 1,101,850 | 1,035,500 | 984,522 | 984,450 | 984,818 | 906,858 | 866,258 |
| Total asset turnover | 1.10 | 1.06 | 1.10 | 1.13 | 1.15 | 1.06 | 1.07 | 1.10 | 1.10 | 1.03 | 1.01 | 0.96 | 0.85 | 0.90 | 0.92 | 0.94 | 0.91 | 0.93 | 1.03 | 1.12 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,377,736K ÷ $1,256,450K
= 1.10
The total asset turnover of Gibraltar Industries Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the total asset turnover ratio was 1.10, indicating that the company generated $1.10 in revenue for every dollar of assets it owns. This was slightly higher than the ratio in Q3 2023 (1.06) but lower than Q1 2023 (1.13).
Comparing to the same quarter in the previous year, the total asset turnover was slightly lower in Q4 2023 (1.10) than in Q4 2022 (1.15). However, the overall trend seems relatively stable, with the ratios generally hovering around the 1.10 mark in the past two years. This suggests that Gibraltar Industries Inc. has been efficiently utilizing its assets to generate revenue, although there may be some room for improvement in optimizing asset turnover.
Peer comparison
Dec 31, 2023