Sonic Automotive Inc (SAH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,233,300 | 14,238,800 | 13,905,900 | 12,344,200 | 9,728,520 |
| Total assets | US$ in thousands | 5,895,700 | 5,364,600 | 4,978,300 | 4,975,100 | 3,746,000 |
| Total asset turnover | 2.41 | 2.65 | 2.79 | 2.48 | 2.60 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,233,300K ÷ $5,895,700K
= 2.41
The total asset turnover for Sonic Automotive Inc has shown fluctuations over the years based on the provided data. In 2020, the total asset turnover was 2.60, indicating that the company generated $2.60 in revenue for every dollar of assets owned. This ratio decreased slightly to 2.48 in 2021, suggesting a decrease in the efficiency of asset utilization.
However, the total asset turnover improved in 2022 to 2.79, which indicates that the company was able to generate more revenue per dollar of assets compared to the previous year. In 2023, the total asset turnover was 2.65, showing a slight decrease from the previous year but still indicating efficient asset utilization.
In 2024, the total asset turnover dropped to 2.41, signaling a decrease in the company's ability to generate revenue from its assets compared to the previous year. Overall, Sonic Automotive Inc has demonstrated varying levels of efficiency in utilizing its assets to generate revenue in the years analyzed.
Peer comparison
Dec 31, 2024