SPX Corp (SPXC)
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 | 1,711,900 | 1,685,500 | 1,617,500 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,800 | 1,239,400 | 1,219,500 | 1,217,800 | 1,291,000 | 1,362,800 | 1,440,200 | 1,536,500 | 1,537,400 | 1,536,100 | 1,509,800 | 1,510,200 | 1,507,000 | 1,893,200 |
| Total assets | US$ in thousands | 2,439,700 | 2,473,000 | 2,501,600 | 2,021,400 | 1,930,900 | 2,482,500 | 2,489,600 | 2,567,200 | 2,628,600 | 2,489,800 | 2,410,500 | 2,297,000 | 2,333,700 | 2,250,000 | 2,256,400 | 2,221,900 | 2,167,800 | 2,062,400 | 2,067,300 | 2,101,400 |
| Total asset turnover | 0.70 | 0.68 | 0.65 | 0.77 | 0.76 | 0.56 | 0.52 | 0.48 | 0.46 | 0.49 | 0.54 | 0.59 | 0.62 | 0.68 | 0.68 | 0.69 | 0.70 | 0.73 | 0.73 | 0.90 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,711,900K ÷ $2,439,700K
= 0.70
Total asset turnover measures the ability of a company like SPX Corp to generate sales revenue from its total assets. A higher total asset turnover indicates that the company is more efficient at utilizing its assets to generate revenue.
Based on the data provided, SPX Corp's total asset turnover has fluctuated over the past few quarters. In the most recent quarter, the total asset turnover was 0.70, which indicates that for every dollar of assets, the company generated $0.70 in sales. This suggests a moderate efficiency in asset utilization.
Looking at the trend over the past several quarters, there was a noticeable increase in total asset turnover from the third quarter of 2022 to the first quarter of 2023, followed by a slight decline in the subsequent quarters.
Overall, it is crucial for SPX Corp to continue monitoring and managing its asset turnover ratio to ensure that its assets are being utilized effectively to drive revenue growth and improve overall financial performance.
Peer comparison
Dec 31, 2023