Boston Beer Company Inc (SAM)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 | 1,249,820 |
| Total assets | US$ in thousands | 1,429,990 | 1,420,770 | 1,386,780 | 1,378,820 | 1,054,060 |
| Total asset turnover | 1.40 | 1.47 | 1.48 | 1.26 | 1.19 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,008,620K ÷ $1,429,990K
= 1.40
Based on the data provided, Boston Beer Company Inc's total asset turnover has shown a fluctuating trend over the past five years. The ratio indicates how efficiently the company is utilizing its assets to generate sales revenue.
In 2023, the total asset turnover was 1.40, showing a slight decrease from 1.47 in 2022 and 1.48 in 2021. This could suggest a slight decline in the efficiency of asset utilization to generate sales revenue compared to the previous two years.
However, compared to 2020 and 2019, the total asset turnover has generally improved, with ratios of 1.26 and 1.19, respectively. This indicates that the company has been more effective in generating sales revenue relative to its total assets in the more recent years.
Overall, the total asset turnover ratio for Boston Beer Company Inc has exhibited some variability, but it indicates a generally efficient use of assets to generate sales revenue, with fluctuations possibly influenced by changes in business operations, sales strategies, or asset management practices.
Peer comparison
Dec 31, 2023