SPX Corp (SPXC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,983,900 | 1,741,200 | 1,460,900 | 1,219,500 | 1,559,500 |
| Total assets | US$ in thousands | 2,714,500 | 2,439,700 | 1,930,900 | 2,628,600 | 2,297,700 |
| Total asset turnover | 0.73 | 0.71 | 0.76 | 0.46 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,983,900K ÷ $2,714,500K
= 0.73
The total asset turnover ratio measures a company's ability to generate revenue from its total assets. A higher total asset turnover indicates efficient utilization of assets to generate sales.
For SPX Corp, the total asset turnover has fluctuated over the years. In December 2020, the company had a total asset turnover of 0.68, which decreased to 0.46 by December 2021, indicating a decline in the efficiency of asset utilization to generate revenue. However, the ratio improved to 0.76 by December 2022, suggesting a better utilization of assets to generate sales.
In the subsequent years, the total asset turnover remained relatively stable, with ratios of 0.71 in December 2023 and 0.73 in December 2024. Overall, while there have been fluctuations, SPX Corp has shown varying levels of efficiency in utilizing its assets to generate revenue over the years.
Peer comparison
Dec 31, 2024