Cactus Inc (WHD)

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	1,129,814	1,132,559	1,127,248	1,142,678	1,096,960	1,009,868	906,479	770,875	688,369	630,511	561,393	500,071	438,589	376,763	321,189	278,844	348,566	420,714	521,733	623,678
Total assets	US$ in thousands	1,739,330	1,681,720	1,626,390	1,575,890	1,522,560	1,464,150	1,476,400	1,520,270	1,118,900	1,095,200	1,070,120	1,026,190	982,078	963,930	944,750	877,865	815,594	811,488	822,152	850,095
Total asset turnover		0.65	0.67	0.69	0.73	0.72	0.69	0.61	0.51	0.62	0.58	0.52	0.49	0.45	0.39	0.34	0.32	0.43	0.52	0.63	0.73

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,129,814K ÷ $1,739,330K
= 0.65

The total asset turnover ratio of Cactus Inc has shown a decreasing trend from 0.73 on March 31, 2020, to 0.65 on December 31, 2024. This indicates that the company's efficiency in generating sales from its total assets has declined over the period in question. While there were fluctuations in the ratio during this time frame, there seems to be a gradual decrease overall. It is essential for Cactus Inc to closely monitor and improve its asset utilization to enhance its overall financial performance in the future.

Peer comparison

Dec 31, 2024

Company name

Symbol

Total asset turnover

Cactus Inc

WHD

0.65

Weatherford International PLC

WFRD

1.07