Standard Motor Products Inc (SMP)

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	1,463,849	1,411,253	1,398,401	1,361,647	1,358,272	1,375,715	1,370,675	1,377,012	1,371,815	1,373,493	1,362,430	1,345,094	1,298,816	1,271,677	1,244,976	1,150,839	1,128,588	1,087,102	1,051,216	1,108,449
Total assets	US$ in thousands	1,814,130	1,350,540	1,374,330	1,351,560	1,293,050	1,299,930	1,302,140	1,320,020	1,254,930	1,318,730	1,326,550	1,310,410	1,197,960	1,195,730	1,155,280	976,482	956,540	950,997	944,765	940,711
Total asset turnover		0.81	1.04	1.02	1.01	1.05	1.06	1.05	1.04	1.09	1.04	1.03	1.03	1.08	1.06	1.08	1.18	1.18	1.14	1.11	1.18

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,463,849K ÷ $1,814,130K
= 0.81

Standard Motor Products Inc's total asset turnover has been fluctuating over the past few years, starting at 1.18 in March 2020, decreasing to 1.03 by March 2022, and then slightly increasing to 1.05 by December 2024. The total asset turnover ratio measures how efficiently the company is using its assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets.

Based on the trend observed, there was a decrease in the total asset turnover from 2020 to 2022, suggesting a potential inefficiency in asset utilization during those periods. However, there was a slight improvement in the ratio towards the end of 2024. It is important for the company to closely monitor and analyze its asset management strategies to ensure optimal utilization of resources and improve its overall performance.