Valmont Industries Inc (VMI)
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 | 4,130,740 | 4,249,490 | 4,298,420 | 4,391,190 | 4,298,263 | 4,131,296 | 3,903,297 | 3,663,340 | 3,458,614 | 3,305,148 | 3,170,913 | 2,965,430 | 2,864,736 | 2,749,985 | 2,706,833 | 2,718,877 | 2,737,232 | 2,750,969 | 2,738,343 | 2,712,119 |
| Total assets | US$ in thousands | 3,477,450 | 3,486,180 | 3,615,840 | 3,604,490 | 3,557,000 | 3,621,730 | 3,674,750 | 3,581,480 | 3,447,250 | 3,411,260 | 3,404,140 | 3,008,080 | 2,953,160 | 2,923,910 | 2,831,840 | 2,757,580 | 2,807,220 | 2,725,440 | 2,711,740 | 2,645,990 |
| Total asset turnover | 1.19 | 1.22 | 1.19 | 1.22 | 1.21 | 1.14 | 1.06 | 1.02 | 1.00 | 0.97 | 0.93 | 0.99 | 0.97 | 0.94 | 0.96 | 0.99 | 0.98 | 1.01 | 1.01 | 1.02 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,130,740K ÷ $3,477,450K
= 1.19
Valmont Industries Inc's total asset turnover ratio has shown fluctuations over the past 5 years. The ratio has generally been above 1, indicating that the company is effectively utilizing its assets to generate revenue. In the most recent quarters, the total asset turnover ratio has been in the range of 1.19 to 1.22, which suggests consistent efficiency in asset utilization.
However, it is important to note that there have been slight fluctuations in the ratio over time, with some quarters showing higher levels of efficiency compared to others. The trend indicates that Valmont Industries Inc has been able to maintain relatively stable asset utilization levels, with occasional improvements in efficiency.
Overall, the total asset turnover ratio analysis suggests that Valmont Industries Inc has been effectively managing its assets to generate revenue, although there may be room for further optimization in asset utilization in certain periods.
Peer comparison
Dec 31, 2023