Rush Enterprises A Inc (RUSHA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,804,750 | 7,925,020 | 7,101,670 | 5,126,140 | 4,735,940 |
| Total assets | US$ in thousands | 4,617,550 | 4,364,240 | 3,821,070 | 3,119,980 | 2,985,390 |
| Total asset turnover | 1.69 | 1.82 | 1.86 | 1.64 | 1.59 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,804,750K ÷ $4,617,550K
= 1.69
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. In the case of Rush Enterprises A Inc, the total asset turnover has shown a positive trend over the past five years. It increased from 1.59 in 2020 to 1.69 in 2024, indicating an improvement in the efficiency of asset utilization.
The peak of total asset turnover was recorded in 2022 at 1.86, reflecting the company's ability to generate more revenue relative to its assets during that year. Though there was a slight decrease in 2023 to 1.82, the ratio remained relatively high.
Overall, the trend of increasing total asset turnover suggests that Rush Enterprises A Inc has been effectively leveraging its assets to drive revenue growth over the specified period. This improvement indicates a positive sign of operational efficiency and effective management of the company's asset base.
Peer comparison
Dec 31, 2024