Rush Enterprises A Inc (RUSHA)

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	7,925,020	7,778,500	7,662,050	7,450,240	7,101,670	6,530,530	5,932,760	5,457,540	5,126,150	5,082,550	4,994,600	4,681,090	4,735,940	4,785,440	5,206,130	5,748,180	5,809,840	6,032,580	5,809,460	5,613,730
Total assets	US$ in thousands	4,364,240	4,218,050	4,126,320	3,969,550	3,821,070	3,742,580	3,669,370	3,321,550	3,119,980	2,777,330	2,912,120	3,008,420	2,985,390	3,010,690	3,064,600	3,242,660	3,407,330	3,405,250	3,530,700	3,422,030
Total asset turnover		1.82	1.84	1.86	1.88	1.86	1.74	1.62	1.64	1.64	1.83	1.72	1.56	1.59	1.59	1.70	1.77	1.71	1.77	1.65	1.64

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,925,020K ÷ $4,364,240K
= 1.82

The total asset turnover of Rush Enterprises A Inc has shown fluctuations over the past few quarters, ranging from 1.56 to 1.88. Total asset turnover measures a company's efficiency in generating sales revenue from its investments in assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales.

From the trend observed, the total asset turnover ratio has generally been above 1.6, indicating that Rush Enterprises A Inc is effectively utilizing its assets to generate sales. The ratios have been relatively consistent in recent quarters, with some minor fluctuations.

It is important to keep track of this ratio over time to ensure that the company continues to efficiently utilize its assets to drive revenue growth. Overall, the total asset turnover ratios suggest that Rush Enterprises A Inc is managing its assets efficiently in generating sales revenue.