Valmont Industries Inc (VMI)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,116,820 | 4,345,250 | 3,459,920 | 2,854,220 | 2,732,240 |
| Total assets | US$ in thousands | 3,477,450 | 3,557,000 | 3,447,250 | 2,953,160 | 2,807,220 |
| Total asset turnover | 1.18 | 1.22 | 1.00 | 0.97 | 0.97 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,116,820K ÷ $3,477,450K
= 1.18
Valmont Industries Inc's total asset turnover has fluctuated over the past five years. From 2019 to 2020, the company experienced a slight increase in total asset turnover from 0.97 to 1.00, indicating that it generated more revenue per dollar of assets in 2020.
Subsequently, there was a further improvement in 2021 when the total asset turnover increased to 1.22, reflecting a more efficient utilization of assets to generate revenue. However, in 2022 and 2023, the total asset turnover decreased to 1.18 and 1.22, respectively, suggesting a slight decline in asset efficiency in those years compared to the peak in 2021.
Overall, Valmont Industries Inc's total asset turnover has shown variability, with a general trend towards more efficient asset utilization to generate revenue, despite some fluctuations in recent years.
Peer comparison
Dec 31, 2023