Regal Beloit Corporation (RRX)
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 | 6,033,800 | 6,180,900 | 6,353,300 | 6,574,300 | 6,250,700 | 5,887,200 | 5,562,700 | 5,143,500 | 5,217,900 | 5,189,800 | 4,757,200 | 4,294,700 | 3,810,300 | 3,374,200 | 3,239,700 | 2,986,900 | 2,907,000 | 2,864,700 | 2,878,800 | 3,118,400 |
| Total assets | US$ in thousands | 14,033,700 | 14,559,000 | 14,607,700 | 15,073,800 | 15,431,400 | 15,365,000 | 15,857,800 | 16,547,400 | 10,268,900 | 10,249,000 | 10,458,500 | 10,471,100 | 10,281,600 | 4,485,000 | 4,773,700 | 4,627,200 | 4,589,000 | 4,479,400 | 4,408,100 | 4,585,900 |
| Total asset turnover | 0.43 | 0.42 | 0.43 | 0.44 | 0.41 | 0.38 | 0.35 | 0.31 | 0.51 | 0.51 | 0.45 | 0.41 | 0.37 | 0.75 | 0.68 | 0.65 | 0.63 | 0.64 | 0.65 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,033,800K ÷ $14,033,700K
= 0.43
Regal Beloit Corporation's total asset turnover has shown fluctuations over the past five years, ranging from 0.31 to 0.75. The ratio measures the efficiency with which the company generates revenue relative to its total assets. A higher total asset turnover indicates that the company is generating more revenue for each dollar of assets it owns.
From March 31, 2020, to June 30, 2022, the total asset turnover generally fluctuated within a range of 0.63 to 0.68, indicating relatively stable asset utilization efficiency during this period. However, there was a notable increase in the ratio to 0.75 by September 30, 2021, suggesting improved efficiency in generating revenue from assets.
Subsequently, there was a decline in the total asset turnover to 0.37 by December 31, 2021, which may indicate a decrease in revenue generated per dollar of assets. The ratio slightly recovered to 0.51 by December 31, 2022 and remained relatively stable around this level through December 31, 2024.
Overall, the trend in total asset turnover for Regal Beloit Corporation highlights periods of both efficiency improvements and declines in asset utilization efficiency over the analyzed years. It is essential for the company to closely monitor and manage its asset turnover to ensure optimal utilization of assets in generating revenue.
Peer comparison
Dec 31, 2024