Sonic Automotive Inc (SAH)
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 | 14,235,900 | 13,767,300 | 13,925,100 | 14,125,400 | 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 |
| Total assets | US$ in thousands | 5,895,700 | 5,758,200 | 5,804,200 | 5,407,600 | 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 |
| Total asset turnover | 2.41 | 2.39 | 2.40 | 2.61 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,235,900K ÷ $5,895,700K
= 2.41
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. For Sonic Automotive Inc, the total asset turnover has shown fluctuation over the period from March 31, 2020, to December 31, 2024.
The total asset turnover ratio has ranged from a low of 2.39 to a high of 3.41 during this period. A higher ratio indicates that the company is more efficient in utilizing its assets to generate revenue. Sonic Automotive Inc's total asset turnover experienced a peak in efficiency in September 30, 2021, with a ratio of 3.41, suggesting that the company was able to generate $3.41 in sales revenue for every dollar of assets.
However, the ratio decreased to 2.39 by the end of September 30, 2024, indicating a decrease in efficiency in generating sales from its assets. It is important for the company to monitor and analyze the factors contributing to these fluctuations in total asset turnover to ensure optimal asset utilization and improve overall operational efficiency.
Peer comparison
Dec 31, 2024