Silgan Holdings Inc (SLGN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,854,690 | 5,988,200 | 6,411,500 | 5,677,100 | 4,921,900 |
| Total assets | US$ in thousands | 8,584,600 | 7,611,240 | 7,345,800 | 7,770,800 | 6,519,500 |
| Total asset turnover | 0.68 | 0.79 | 0.87 | 0.73 | 0.75 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,854,690K ÷ $8,584,600K
= 0.68
Based on the data provided, Silgan Holdings Inc's total asset turnover has fluctuated over the past five years. The total asset turnover ratio indicates the efficiency with which the company utilizes its assets to generate revenue.
In December 31, 2020, the total asset turnover was 0.75, which means that for every dollar of total assets, the company generated $0.75 of revenue. This suggests a moderate efficiency in asset utilization.
Subsequently, the total asset turnover decreased to 0.73 by December 31, 2021, indicating a slight decline in asset efficiency. However, the ratio improved significantly to 0.87 by December 31, 2022, reflecting better asset utilization compared to the previous year.
By December 31, 2023, the total asset turnover declined to 0.79, suggesting a slight dip in asset efficiency. Finally, by December 31, 2024, the total asset turnover decreased to 0.68, indicating a lower efficiency in asset utilization compared to the previous year.
Overall, the trend in total asset turnover for Silgan Holdings Inc shows some fluctuations over the five-year period, with periods of improvement and decline. It is essential for the company to monitor and manage its asset turnover ratio effectively to ensure optimal utilization of assets in generating revenue.
Peer comparison
Dec 31, 2024