Rush Enterprises A Inc (RUSHA)

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	7,804,750	7,824,620	7,909,230	7,885,250	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
Total assets	US$ in thousands	4,617,550	4,648,470	4,506,530	4,629,010	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
Total asset turnover		1.69	1.68	1.76	1.70	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,804,750K ÷ $4,617,550K
= 1.69

The total asset turnover ratio for Rush Enterprises A Inc has shown fluctuations over the past few years, ranging from a low of 1.56 to a high of 1.88.

The ratio measures how efficiently the company is using its assets to generate revenue, with a higher ratio indicating better asset utilization. In this case, the ratios have generally been above 1.5, suggesting that the company is effectively using its assets to generate sales.

There was a slight dip in the ratio in March 2021 and June 2021, but it recovered and even surpassed previous levels in the subsequent quarters. This could indicate improved efficiency in asset turnover during those periods.

Overall, the trend in the total asset turnover ratio for Rush Enterprises A Inc has been somewhat volatile but generally healthy, demonstrating that the company has been able to effectively utilize its assets to drive revenue generation.