SunCoke Energy Inc (SXC)

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	2,035,900	2,027,900	2,022,900	1,989,300	1,940,500	1,791,800	1,641,600	1,466,200	1,381,600	1,323,300	1,253,700	1,258,600	1,282,400	1,380,300	1,495,600	1,580,000	1,600,300	1,572,000	1,532,200	1,491,700
Total assets	US$ in thousands	1,660,400	1,679,200	1,643,400	1,669,300	1,654,600	1,679,800	1,677,400	1,705,700	1,615,400	1,593,200	1,598,000	1,605,100	1,613,400	1,661,800	1,678,400	1,875,900	1,753,800	1,766,200	2,082,400	2,097,300
Total asset turnover		1.23	1.21	1.23	1.19	1.17	1.07	0.98	0.86	0.86	0.83	0.78	0.78	0.79	0.83	0.89	0.84	0.91	0.89	0.74	0.71

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,035,900K ÷ $1,660,400K
= 1.23

The total asset turnover ratio of SunCoke Energy Inc has been gradually increasing over the last eight quarters, reflecting the company's ability to generate revenue from its assets efficiently. The ratio reached a peak of 1.25 in Q2 2023, indicating that the company generated $1.25 in revenue for every $1 in total assets during that period. This upward trend suggests improved asset utilization and operational efficiency. The average total asset turnover for the last two quarters of 2023 is 1.23, signaling a stable and positive performance in utilizing assets to generate revenue. Overall, the company's trend in total asset turnover indicates an effective management of assets to drive revenue growth over the past two years.