Gibraltar Industries Inc (ROCK)
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 | 1,308,764 | 1,335,518 | 1,365,066 | 1,376,975 | 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 |
| Total assets | US$ in thousands | 1,419,410 | 1,424,590 | 1,376,940 | 1,319,860 | 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 |
| Total asset turnover | 0.92 | 0.94 | 0.99 | 1.04 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,308,764K ÷ $1,419,410K
= 0.92
Total asset turnover measures how efficiently a company generates revenue from its assets. For Gibraltar Industries Inc, the total asset turnover ratio has fluctuated over the period from March 31, 2020, to December 31, 2024.
The ratio decreased from 0.94 on March 31, 2020, to a low of 0.85 on December 31, 2020. This decline indicates that the company was less effective in generating revenue from its assets during that period.
However, from March 31, 2021, to December 31, 2024, the total asset turnover ratio showed an overall increasing trend, reaching a peak of 1.15 on December 31, 2022. This upward trend suggests that Gibraltar Industries Inc became more efficient in utilizing its assets to generate sales during this period.
The ratio slightly declined towards the end of the period but remained relatively stable around 1. The company's ability to generate revenue from its assets improved significantly from the initial drop in 2020, indicating a positive trend in asset utilization efficiency. Further monitoring of this ratio will be important to assess the company's future operational performance.
Peer comparison
Dec 31, 2024