Cactus Inc (WHD)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,129,810 | 1,096,960 | 688,369 | 438,589 | 348,566 |
| Total assets | US$ in thousands | 1,739,330 | 1,522,560 | 1,118,900 | 982,078 | 815,594 |
| Total asset turnover | 0.65 | 0.72 | 0.62 | 0.45 | 0.43 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,129,810K ÷ $1,739,330K
= 0.65
Total asset turnover for Cactus Inc has shown a gradual increase over the past five years, from 0.43 in December 31, 2020, to 0.65 in December 31, 2024. This indicates that the company has been able to generate more revenue for each dollar of assets invested, suggesting improved efficiency in asset utilization over time. The peak in total asset turnover of 0.72 in December 31, 2023, signifies the highest level of efficiency in utilizing assets to generate sales. Overall, the increasing trend in total asset turnover reflects the company's ability to manage its assets effectively to drive revenue growth.
Peer comparison
Dec 31, 2024