Steel Dynamics Inc (STLD)

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	17,540,390	17,901,670	18,147,110	18,596,110	18,795,320	19,388,190	20,452,840	21,584,090	22,260,780	22,745,150	22,181,730	20,434,160	18,408,860	15,699,440	12,941,980	10,570,970	9,601,470	9,370,720	9,566,730	10,242,950
Total assets	US$ in thousands	14,935,200	15,659,800	15,061,300	15,026,800	14,982,800	14,929,000	14,551,400	14,219,800	14,160,000	14,047,700	13,711,200	13,056,600	12,531,200	11,536,000	10,687,300	10,127,900	9,265,560	8,617,560	8,468,340	8,344,920
Total asset turnover		1.17	1.14	1.20	1.24	1.25	1.30	1.41	1.52	1.57	1.62	1.62	1.57	1.47	1.36	1.21	1.04	1.04	1.09	1.13	1.23

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,540,390K ÷ $14,935,200K
= 1.17

Steel Dynamics Inc's total asset turnover has exhibited fluctuation over the reporting periods provided. The ratio shows the company's ability to generate sales from its assets.

From March 31, 2020, to June 30, 2022, the total asset turnover increased steadily from 1.23 to 1.62, indicating that the company was effectively using its assets to generate revenue.

However, from September 30, 2022, to December 31, 2024, the total asset turnover declined gradually from 1.62 to 1.17. This downward trend suggests a potential decrease in efficiency in generating sales from its assets or a probable increase in total assets without proportional growth in revenue.

Overall, while there were periods of improved efficiency in asset utilization, it is important for Steel Dynamics Inc to closely monitor and manage its total asset turnover to ensure optimal utilization of resources.