Tootsie Roll Industries Inc (TR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 723,217 | 769,365 | 681,440 | 566,043 | 471,063 |
| Total assets | US$ in thousands | 1,147,180 | 1,084,390 | 1,018,780 | 1,018,620 | 984,558 |
| Total asset turnover | 0.63 | 0.71 | 0.67 | 0.56 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $723,217K ÷ $1,147,180K
= 0.63
Tootsie Roll Industries Inc's total asset turnover has shown an increasing trend over the past five years, rising from 0.48 in December 2020 to 0.63 in December 2024. This indicates that the company is generating more revenue per dollar of assets employed. The improvement in total asset turnover suggests that Tootsie Roll Industries Inc has been more efficient in utilizing its assets to generate sales over the years. However, the fluctuation in the ratio may indicate changes in the company's asset management strategies or business operations during this period. It is essential for stakeholders to monitor this ratio to assess the company's efficiency in utilizing its assets effectively to generate revenue.
Peer comparison
Dec 31, 2024