Cactus Inc (WHD)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,136,594 | 1,090,876 | 1,013,935 | 910,546 | 774,942 | 692,436 | 630,002 | 560,884 | 499,562 | 438,080 | 377,939 | 322,365 | 280,020 | 349,742 | 420,714 | 521,621 | 623,460 | 625,996 | 625,582 | 615,274 |
| Total assets | US$ in thousands | 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 | 834,964 | 811,137 | 793,765 |
| Total asset turnover | 0.72 | 0.72 | 0.69 | 0.62 | 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 | 0.75 | 0.77 | 0.78 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,136,594K ÷ $1,575,890K
= 0.72
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is using its assets more efficiently to generate sales.
For Cactus Inc, the total asset turnover has fluctuated over the past few quarters, ranging from 0.32 to 0.78. The ratio was relatively low in the earlier periods, with a gradual increase over time. In the most recent period, the total asset turnover stood at 0.72, which suggests that the company generated $0.72 in sales for every dollar of total assets.
Overall, the trend indicates an improvement in asset utilization efficiency, as the ratio has generally increased over time. However, it is essential to monitor this ratio closely to ensure that the company continues to effectively utilize its assets to drive sales growth.
Peer comparison
Mar 31, 2024