SunCoke Energy Inc (SXC)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,035,900 | 1,940,500 | 1,381,600 | 1,282,400 | 1,600,300 |
| Total assets | US$ in thousands | 1,660,400 | 1,654,600 | 1,615,400 | 1,613,400 | 1,753,800 |
| Total asset turnover | 1.23 | 1.17 | 0.86 | 0.79 | 0.91 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,035,900K ÷ $1,660,400K
= 1.23
Total asset turnover measures the efficiency of SunCoke Energy Inc in generating sales revenue for every dollar of assets it holds. An increasing trend in total asset turnover over the years from 2019 to 2023 indicates that the company has been more efficient in utilizing its assets to generate sales. In 2023, the total asset turnover ratio of 1.24 suggests that SunCoke Energy Inc generated $1.24 in sales for every $1 of assets held during the year, reflecting improved asset utilization compared to the previous years. This signifies that the company has been successful in effectively managing its assets to drive revenue growth and create value for its stakeholders.
Peer comparison
Dec 31, 2023