Valmont Industries Inc (VMI)
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 | 4,051,646 | 4,021,556 | 4,038,196 | 4,029,836 | 4,117,580 | 4,236,330 | 4,285,260 | 4,378,030 | 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 |
| Total assets | US$ in thousands | 3,329,970 | 3,496,830 | 3,457,200 | 3,465,380 | 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 |
| Total asset turnover | 1.22 | 1.15 | 1.17 | 1.16 | 1.18 | 1.22 | 1.19 | 1.21 | 1.21 | 1.14 | 1.06 | 1.02 | 1.00 | 0.97 | 0.93 | 0.99 | 0.97 | 0.94 | 0.96 | 0.99 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,051,646K ÷ $3,329,970K
= 1.22
Valmont Industries Inc's total asset turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio represents how efficiently the company is utilizing its assets to generate revenue.
From March 31, 2020, to June 30, 2021, the total asset turnover ratio hovered around 0.93 to 0.99, indicating that the company was generating approximately $0.93 to $0.99 in sales for every dollar invested in assets during this period.
However, from December 31, 2021, onwards, the total asset turnover ratio started to increase steadily. The upward trend continued until December 31, 2024, reaching a peak of 1.22. This indicates that the company's efficiency in utilizing its assets to generate revenue improved during this period, as it was able to generate $1.22 in sales for every dollar invested in assets by the end of 2024.
Overall, the increasing trend in Valmont Industries Inc's total asset turnover ratio suggests improved asset utilization efficiency and could indicate positive operational performance and effective management of the company's asset base during the period under review.
Peer comparison
Dec 31, 2024