SPX Corp (SPXC)
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 | 1,983,900 | 1,919,600 | 1,884,600 | 1,806,600 | 1,741,200 | 1,701,100 | 1,622,900 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,900 | 1,239,600 | 1,331,000 | 1,437,800 | 1,515,400 | 1,591,900 | 1,562,700 | 1,550,500 | 1,551,900 | 1,551,100 |
| Total assets | US$ in thousands | 2,714,500 | 2,806,000 | 2,783,100 | 2,799,600 | 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 | 2,297,700 | 2,250,000 | 2,256,400 | 2,221,900 |
| Total asset turnover | 0.73 | 0.68 | 0.68 | 0.65 | 0.71 | 0.69 | 0.65 | 0.77 | 0.76 | 0.56 | 0.52 | 0.48 | 0.51 | 0.58 | 0.63 | 0.69 | 0.68 | 0.69 | 0.69 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,983,900K ÷ $2,714,500K
= 0.73
The total asset turnover of SPX Corp has exhibited a fluctuating trend over the periods provided. Initially starting at 0.70 in March 31, 2020, the ratio slightly decreased to 0.69 by June 30, 2020, and continued to decline gradually reaching 0.51 by December 31, 2021.
However, there was a significant increase in total asset turnover in the subsequent periods, notably rising to 0.76 by December 31, 2022, and further improving to 0.77 by March 31, 2023. Despite this uptrend, the ratio experienced some fluctuations in the following quarters but stayed around an average level of 0.65 to 0.73 from June 30, 2023, to December 31, 2024.
Overall, the total asset turnover of SPX Corp indicates variations in how efficiently the company is utilizing its assets to generate sales revenue during the periods reviewed. It is important for stakeholders to monitor this ratio closely to assess the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024