Silgan Holdings Inc (SLGN)
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 | 5,814,900 | 5,938,100 | 6,118,960 | 6,254,140 | 6,283,680 | 6,273,100 | 5,960,430 | 5,767,570 | 5,567,310 | 5,356,900 | 5,193,640 | 5,047,850 | 4,867,430 | 4,715,910 | 4,576,480 | 4,493,170 | 4,489,920 | 4,512,120 | 4,497,780 | 4,463,720 |
| Total assets | US$ in thousands | 7,611,240 | 7,812,310 | 7,913,720 | 7,861,720 | 7,345,760 | 7,519,410 | 7,874,500 | 7,710,410 | 7,770,850 | 7,547,840 | 6,724,320 | 6,441,470 | 6,511,590 | 6,452,580 | 6,373,060 | 5,528,540 | 4,931,060 | 5,074,020 | 5,111,220 | 4,924,570 |
| Total asset turnover | 0.76 | 0.76 | 0.77 | 0.80 | 0.86 | 0.83 | 0.76 | 0.75 | 0.72 | 0.71 | 0.77 | 0.78 | 0.75 | 0.73 | 0.72 | 0.81 | 0.91 | 0.89 | 0.88 | 0.91 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,814,900K ÷ $7,611,240K
= 0.76
Silgan Holdings Inc.'s total asset turnover has shown some variability over the past eight quarters, ranging from a low of 0.76 to a high of 0.87. The average total asset turnover ratio during this period was approximately 0.80.
A total asset turnover ratio of less than 1 indicates that the company is generating less in sales relative to its total assets. This suggests that the company may not be efficiently utilizing its assets to generate revenue.
The downward trend in total asset turnover from Q4 2022 to Q1 2023 could indicate potential issues with asset management or slowing sales growth relative to the asset base. However, the subsequent slight increase in Q2 and Q3 2023 shows some stabilization in asset turnover.
Further monitoring of Silgan Holdings Inc.'s total asset turnover ratio is recommended to assess the effectiveness of the company's asset utilization and its ability to generate sales relative to its asset base.
Peer comparison
Dec 31, 2023