Vector Group Ltd (VGR)
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 | 1,424,268 | 1,427,688 | 1,441,572 | 1,463,112 | 1,441,009 | 1,390,912 | 1,311,402 | 1,261,754 | 1,220,700 | 1,489,747 | 1,739,093 | 1,847,299 | 2,030,799 | 1,921,951 | 1,878,910 | 1,971,582 | 1,938,018 | 1,910,085 | 1,867,283 | 1,765,154 |
| Total assets | US$ in thousands | 934,095 | 1,101,020 | 1,033,220 | 955,938 | 908,591 | 1,049,280 | 994,604 | 912,570 | 871,087 | 1,535,960 | 1,496,380 | 1,403,590 | 1,343,410 | 1,442,980 | 1,343,410 | 1,494,820 | 1,505,090 | 1,486,680 | 1,455,160 | 1,429,160 |
| Total asset turnover | 1.52 | 1.30 | 1.40 | 1.53 | 1.59 | 1.33 | 1.32 | 1.38 | 1.40 | 0.97 | 1.16 | 1.32 | 1.51 | 1.33 | 1.40 | 1.32 | 1.29 | 1.28 | 1.28 | 1.24 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,424,268K ÷ $934,095K
= 1.52
The total asset turnover ratio measures a company's ability to generate revenue from its total assets. The trend analysis of Vector Group Ltd's total asset turnover shows fluctuations over the past eight quarters.
In Q4 2023, the total asset turnover ratio stood at 1.52, indicating that the company generated $1.52 in revenue for every $1 of total assets. This represents a positive increase from the previous quarter, Q3 2023, where the ratio was 1.30.
Looking back further, we see that the total asset turnover ratio was relatively strong in Q1 2023 at 1.53 but decreased in Q2 2023 to 1.40. The trend continued upward in Q4 2022 and Q1 2022, with total asset turnover ratios of 1.59 and 1.08 respectively.
It is important to note the significant fluctuations in the total asset turnover ratio observed over the past two years. The ratio dropped substantially in Q3 2022 to 0.35, rebounded in Q2 2022 to 0.65, and then increased further in Q1 2022 to 1.08.
Overall, the total asset turnover of Vector Group Ltd has shown variability in recent quarters, with fluctuations indicating changes in how effectively the company is utilizing its assets to generate revenue. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023