Steel Dynamics Inc (STLD)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	17,540,400	18,795,300	22,260,800	18,408,800	9,601,480
Total assets	US$ in thousands	14,935,200	14,908,400	14,160,000	12,531,200	9,265,560
Total asset turnover		1.17	1.26	1.57	1.47	1.04

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $17,540,400K ÷ $14,935,200K
= 1.17

The total asset turnover ratio for Steel Dynamics Inc has shown fluctuations over the years. It increased from 1.04 in December 2020 to 1.57 in December 2022, indicating that the company was able to generate $1.57 in sales for every $1 of total assets during that period. However, there was a decline in the ratio to 1.17 by December 31, 2024. Overall, the trend suggests that the company's efficiency in utilizing its total assets to generate revenue improved initially but then declined in the latter years. This ratio is crucial in evaluating how efficiently the company is using its assets to generate sales revenue.