Sterling Construction Company Inc (STRL)
Total asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,106,345 | 2,115,756 | 2,102,901 | 2,069,507 | 2,009,010 | 1,972,229 | 1,934,858 | 1,931,453 | 1,919,696 | 1,926,437 | 1,879,165 | 1,785,672 | 1,676,770 | 1,581,766 | 1,527,659 | 1,447,668 | 1,446,040 | 1,427,412 | 1,426,728 | 1,334,969 |
| Total assets | US$ in thousands | 2,034,540 | 2,016,770 | 2,023,580 | 1,964,550 | 1,817,500 | 1,777,180 | 1,723,800 | 1,567,360 | 1,431,130 | 1,441,620 | 1,503,330 | 1,353,530 | 1,242,730 | 1,231,000 | 1,064,320 | 1,027,190 | 947,216 | 952,694 | 1,022,510 | 1,017,510 |
| Total asset turnover | 1.04 | 1.05 | 1.04 | 1.05 | 1.11 | 1.11 | 1.12 | 1.23 | 1.34 | 1.34 | 1.25 | 1.32 | 1.35 | 1.28 | 1.44 | 1.41 | 1.53 | 1.50 | 1.40 | 1.31 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,106,345K ÷ $2,034,540K
= 1.04
The total asset turnover of Sterling Construction Company Inc exhibits fluctuations over the analyzed period from June 30, 2020, to March 31, 2025. Starting at a ratio of 1.31 in June 2020, there was a steady upward trend reaching a peak of approximately 1.53 by March 2021, indicating improved efficiency in utilizing assets to generate revenue during this period.
Subsequently, the ratio declined somewhat, falling to around 1.28 by December 2021 and then modestly fluctuating within a range of approximately 1.23 to 1.35 until the first quarter of 2023. The ratio experienced a downward trend thereafter, reaching a low of around 1.05 in June 2024 and remaining near this level through September and December 2024, with minor fluctuations.
Overall, the data suggests a pattern of initial improvement in asset utilization efficiency during 2020 and early 2021, followed by a gradual decrease in the total asset turnover ratio from 2022 onward. This decline may reflect changes such as increased asset base, operational shifts, or variations in revenue generation efficiency, which warrant further investigation to determine underlying causes.
Peer comparison
Mar 31, 2025