Reliance Steel & Aluminum Co (RS)
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 | 13,835,000 | 14,045,700 | 14,248,400 | 14,485,400 | 14,805,900 | 15,079,400 | 15,703,600 | 16,504,500 | 17,025,000 | 17,402,900 | 17,003,100 | 15,740,700 | 14,093,300 | 12,238,700 | 10,476,900 | 9,077,400 | 8,811,900 | 9,125,600 | 9,725,900 | 10,590,100 |
| Total assets | US$ in thousands | 10,021,800 | 10,300,800 | 10,448,100 | 10,712,200 | 10,547,800 | 10,492,900 | 10,440,400 | 10,203,200 | 10,329,900 | 10,202,200 | 10,402,700 | 10,114,200 | 9,536,000 | 9,252,400 | 8,930,000 | 8,549,000 | 8,106,800 | 7,998,700 | 7,724,100 | 8,085,500 |
| Total asset turnover | 1.38 | 1.36 | 1.36 | 1.35 | 1.40 | 1.44 | 1.50 | 1.62 | 1.65 | 1.71 | 1.63 | 1.56 | 1.48 | 1.32 | 1.17 | 1.06 | 1.09 | 1.14 | 1.26 | 1.31 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,835,000K ÷ $10,021,800K
= 1.38
Reliance Steel & Aluminum Co's total asset turnover has shown a fluctuating trend over the past few years, ranging from a low of 1.06 as of March 31, 2021, to a high of 1.71 as of September 30, 2022. Generally, the total asset turnover ratio measures how efficiently a company is using its assets to generate revenue.
The ratio has increased steadily from 1.06 in March 31, 2021, to 1.71 in September 30, 2022, indicating that the company was generating more revenue relative to its total assets during this period. However, there was a slight decline in the total asset turnover ratio in the subsequent quarters, reaching 1.36 by September 30, 2024. This decline suggests that the company may have experienced challenges in optimizing its asset utilization efficiency.
Overall, Reliance Steel & Aluminum Co's total asset turnover ratio has shown both improvement and fluctuations, indicating varying levels of efficiency in utilizing its assets to generate revenue over the analyzed period.