Gentherm Inc (THRM)

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	1,450,255	1,440,414	1,447,026	1,446,364	1,448,509	1,428,068	1,388,525	1,281,481	1,193,283	1,106,858	1,024,469	1,025,636	1,044,506	1,083,664	1,096,100	964,238	903,018	845,665	833,218	941,502
Total assets	US$ in thousands	1,247,560	1,298,180	1,240,550	1,252,710	1,234,370	1,225,600	1,244,050	1,268,750	1,239,300	1,241,330	947,046	967,113	935,343	943,978	933,873	932,454	1,022,840	921,447	823,370	893,370
Total asset turnover		1.16	1.11	1.17	1.15	1.17	1.17	1.12	1.01	0.96	0.89	1.08	1.06	1.12	1.15	1.17	1.03	0.88	0.92	1.01	1.05

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,450,255K ÷ $1,247,560K
= 1.16

Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. Gentherm Inc's total asset turnover has fluctuated over the years, with values ranging from 0.88 to 1.17. The ratio peaked at 1.17 in June 2021, indicating that the company generated $1.17 in revenue for every $1 of assets it had at that time. On the other hand, the lowest ratio of 0.88 in December 2020 suggests that the company struggled to generate revenue efficiently from its assets.

Overall, Gentherm Inc's total asset turnover has shown some variability, but generally, it has been above 1 in recent periods, indicating that the company is effectively generating revenue from its assets. However, it's important to continue monitoring this ratio to ensure the company is efficiently utilizing its assets to drive growth and profitability.