Sonic Automotive Inc (SAH)

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	14,233,200	14,269,000	14,074,700	13,935,600	13,908,700	13,509,270	13,147,070	13,004,340	12,345,730	11,969,180	11,445,730	10,207,390	9,729,990	9,690,070	9,853,240	10,363,490	10,454,340	10,280,200	10,048,330	9,940,000
Total assets	US$ in thousands	5,364,600	5,050,300	5,081,600	5,148,000	4,978,300	4,828,300	5,023,500	5,006,200	4,975,100	3,505,960	3,656,340	3,692,230	3,746,000	3,503,920	3,595,420	3,976,740	4,071,040	4,117,890	4,119,330	4,139,090
Total asset turnover		2.65	2.83	2.77	2.71	2.79	2.80	2.62	2.60	2.48	3.41	3.13	2.76	2.60	2.77	2.74	2.61	2.57	2.50	2.44	2.40

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,233,200K ÷ $5,364,600K
= 2.65

Sonic Automotive, Inc.'s total asset turnover ratio has exhibited some fluctuation over the past eight quarters. The average total asset turnover ratio for the period is approximately 2.77. This indicates that, on average, the company generates $2.77 in sales for every $1 of total assets.

The trend in total asset turnover ratios suggests that the company has been able to effectively utilize its assets to generate revenue, with slight fluctuations being observed. The ratio peaked in Q3 2022 at 2.87 and reached its lowest point in Q1 2022 at 2.64.

Overall, the total asset turnover ratio for Sonic Automotive, Inc. has been relatively healthy and stable, indicating efficient asset management and the company's ability to generate sales from its investment in assets. It is important for the company to continue to monitor and maintain this ratio to ensure continued effective utilization of its assets.