Somnigroup International Inc. (SGI)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,893,500 | 4,870,600 | 4,906,700 | 4,925,400 | 4,942,300 | 4,948,500 | 4,889,800 | 4,921,200 | 5,093,400 | 5,168,400 | 5,126,500 | 4,930,800 | 4,628,200 | 4,402,200 | 3,898,300 | 3,676,900 | 3,491,200 | 3,179,900 | 3,237,500 | 3,106,000 |
| Total assets | US$ in thousands | 4,568,000 | 4,578,000 | 4,585,800 | 4,553,900 | 4,546,100 | 4,570,800 | 4,537,100 | 4,359,800 | 4,351,700 | 4,404,400 | 4,321,900 | 4,323,400 | 4,467,300 | 3,277,600 | 3,542,100 | 3,308,600 | 3,455,400 | 3,201,900 | 3,306,200 | 3,061,800 |
| Total asset turnover | 1.07 | 1.06 | 1.07 | 1.08 | 1.09 | 1.08 | 1.08 | 1.13 | 1.17 | 1.17 | 1.19 | 1.14 | 1.04 | 1.34 | 1.10 | 1.11 | 1.01 | 0.99 | 0.98 | 1.01 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,893,500K ÷ $4,568,000K
= 1.07
Somnigroup International Inc.'s total asset turnover ratio has shown fluctuation over the past few years, ranging from 0.98 to 1.34. The total asset turnover ratio measures a company's ability to generate revenue from its assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales.
From December 31, 2019, to June 30, 2021, Somnigroup's total asset turnover trended upwards, reaching a peak of 1.34 in June 30, 2021. This suggests that the company was effectively utilizing its assets to generate sales during this period.
However, from September 30, 2021, to June 30, 2024, the total asset turnover ratio decreased gradually, indicating a potential decrease in asset efficiency in generating sales. It is essential for the company to monitor and analyze the underlying reasons for this decline to identify any inefficiencies in asset utilization.
Overall, while Somnigroup International Inc. has demonstrated fluctuations in its total asset turnover ratio, it is crucial for the company to focus on maintaining a balance between asset utilization and revenue generation to ensure long-term profitability and operational efficiency.
Peer comparison
Sep 30, 2024