Timken Company (TKR)
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 | 4,573,000 | 4,590,600 | 4,606,500 | 4,696,500 | 4,769,000 | 4,759,800 | 4,753,500 | 4,634,900 | 4,496,700 | 4,422,000 | 4,322,900 | 4,232,100 | 4,132,900 | 4,017,300 | 3,874,600 | 3,615,200 | 3,513,200 | 3,517,700 | 3,537,100 | 3,733,600 |
| Total assets | US$ in thousands | 6,411,000 | 6,767,400 | 6,575,900 | 6,544,000 | 6,541,700 | 6,244,700 | 6,251,300 | 5,853,000 | 5,772,400 | 5,281,900 | 5,442,500 | 5,458,500 | 5,170,700 | 5,145,600 | 5,166,200 | 5,106,200 | 5,041,600 | 4,909,100 | 4,901,000 | 4,980,000 |
| Total asset turnover | 0.71 | 0.68 | 0.70 | 0.72 | 0.73 | 0.76 | 0.76 | 0.79 | 0.78 | 0.84 | 0.79 | 0.78 | 0.80 | 0.78 | 0.75 | 0.71 | 0.70 | 0.72 | 0.72 | 0.75 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,573,000K ÷ $6,411,000K
= 0.71
The total asset turnover ratio for Timken Company has shown fluctuations over the reporting periods provided. It started at 0.75 as of March 31, 2020, decreased to 0.70 by December 31, 2020, then gradually increased to 0.84 by September 30, 2022. Subsequently, the ratio slightly decreased to 0.73 by December 31, 2023. It remained relatively stable around the range of 0.70 to 0.79 from March 31, 2022 to June 30, 2024. This ratio indicates the company's ability to generate sales revenue relative to its total assets. A higher total asset turnover ratio generally suggests that the company is utilizing its assets more efficiently to generate sales. However, the fluctuations observed in Timken Company's total asset turnover ratio may warrant further investigation into the efficiency of its asset management strategies and operational performance.
Peer comparison
Dec 31, 2024