Regal Beloit Corporation (RRX)
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 | 10,721,600 | 10,161,100 | 8,276,900 | 6,192,100 | 5,129,100 | 5,130,700 | 4,719,500 | 4,270,400 | 3,794,700 | 3,374,200 | 3,230,700 | 2,967,300 | 3,609,400 | 3,567,100 | 4,348,800 | 5,463,500 | 5,742,400 | 5,885,900 | 6,192,100 | 6,359,100 |
| Total assets | US$ in thousands | 15,431,400 | 15,365,000 | 15,857,800 | 16,547,400 | 10,268,900 | 10,249,000 | 10,458,500 | 10,471,100 | 10,367,400 | 4,485,000 | 4,773,700 | 4,627,200 | 4,589,000 | 4,479,400 | 4,408,100 | 4,585,900 | 4,430,700 | 4,478,300 | 4,660,300 | 4,705,900 |
| Total asset turnover | 0.69 | 0.66 | 0.52 | 0.37 | 0.50 | 0.50 | 0.45 | 0.41 | 0.37 | 0.75 | 0.68 | 0.64 | 0.79 | 0.80 | 0.99 | 1.19 | 1.30 | 1.31 | 1.33 | 1.35 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,721,600K ÷ $15,431,400K
= 0.69
The total asset turnover for Regal Rexnord Corp has shown fluctuations over the past eight quarters. The ratio ranged from 0.31 to 0.51 during this period, indicating the company's ability to generate revenue in relation to its total assets.
A lower total asset turnover ratio, such as 0.31 in Q1 2023, suggests that the company is not efficiently utilizing its assets to generate sales. On the other hand, a higher ratio, like 0.51 in Q2 2022 and Q3 2022, indicates that the company is effectively using its assets to generate revenue.
It is important for Regal Rexnord Corp to closely monitor and analyze the factors influencing the total asset turnover ratio to ensure optimal asset utilization and revenue generation efficiency.
Peer comparison
Dec 31, 2023