Tootsie Roll Industries Inc (TR)
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 | 723,217 | 731,326 | 753,728 | 761,829 | 769,365 | 756,064 | 719,616 | 704,219 | 682,799 | 661,217 | 632,419 | 603,539 | 566,043 | 528,309 | 503,016 | 468,252 | 103,169,457 | 103,175,256 | 103,199,372 | 103,226,528 |
| Total assets | US$ in thousands | 1,147,180 | 1,146,220 | 1,102,600 | 1,093,450 | 1,084,390 | 1,065,910 | 1,033,990 | 1,019,610 | 1,018,780 | 1,026,360 | 1,001,110 | 1,012,850 | 1,018,620 | 1,015,440 | 994,958 | 978,991 | 984,558 | 982,035 | 974,501 | 955,927 |
| Total asset turnover | 0.63 | 0.64 | 0.68 | 0.70 | 0.71 | 0.71 | 0.70 | 0.69 | 0.67 | 0.64 | 0.63 | 0.60 | 0.56 | 0.52 | 0.51 | 0.48 | 104.79 | 105.06 | 105.90 | 107.99 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $723,217K ÷ $1,147,180K
= 0.63
Tootsie Roll Industries Inc's total asset turnover has shown a declining trend over the years, decreasing from over 100 times in 2020 to around 0.63 times by the end of 2024. This decline indicates that the company's ability to generate sales per dollar of assets has weakened over time. A lower total asset turnover may suggest inefficiencies in asset utilization or declining sales relative to the size of the asset base. Management should investigate the reasons behind this trend and take necessary actions to improve asset turnover and overall operational efficiency.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Tootsie Roll Industries Inc
TR
0.63
Hershey Co
HSY
0.87
John B Sanfilippo & Son Inc
JBSS
2.07