Simpson Manufacturing Company Inc (SSD)
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 | 2,207,715 | 2,177,144 | 2,150,806 | 2,146,344 | 2,106,837 | 2,054,135 | 1,897,115 | 1,714,148 | 1,566,618 | 1,445,325 | 1,412,952 | 1,328,784 | 1,265,192 | 1,242,584 | 1,188,145 | 1,167,566 | 1,142,046 | 1,123,770 | 1,098,420 | 1,100,807 |
| Total assets | US$ in thousands | 2,704,720 | 2,815,490 | 2,719,350 | 2,555,630 | 2,503,970 | 2,504,260 | 2,485,470 | 2,280,350 | 1,484,120 | 1,422,070 | 1,373,970 | 1,294,730 | 1,232,570 | 1,277,860 | 1,284,500 | 1,198,250 | 1,095,370 | 1,086,310 | 1,069,920 | 1,030,350 |
| Total asset turnover | 0.82 | 0.77 | 0.79 | 0.84 | 0.84 | 0.82 | 0.76 | 0.75 | 1.06 | 1.02 | 1.03 | 1.03 | 1.03 | 0.97 | 0.92 | 0.97 | 1.04 | 1.03 | 1.03 | 1.07 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,207,715K ÷ $2,704,720K
= 0.82
The total asset turnover ratio of Simpson Manufacturing Co., Inc. has fluctuated over the past eight quarters. This ratio measures the efficiency with which the company generates sales from its total assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate revenue.
In Q4 2023, the total asset turnover was 0.82, showing a slight increase from the previous quarter. This suggests that the company was able to generate more revenue relative to its total assets during this period. However, it is important to note that the ratio has been lower compared to Q4 2022, indicating a potential decrease in asset efficiency over the past year.
The overall trend of the total asset turnover ratio for Simpson Manufacturing Co., Inc. appears to be relatively stable, with some variations quarter to quarter. Further analysis and comparison with industry benchmarks may provide additional insights into the company's asset utilization efficiency and operational performance.
Peer comparison
Dec 31, 2023