Xpel Inc (XPEL)
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 | 420,400 | 418,411 | 408,236 | 400,556 | 396,294 | 369,237 | 356,318 | 337,971 | 323,993 | 315,644 | 294,415 | 279,261 | 259,263 | 237,738 | 215,332 | 182,402 | 158,924 | 149,812 | 139,307 | 133,595 |
| Total assets | US$ in thousands | 285,607 | 273,041 | 261,830 | 258,492 | 258,677 | 226,776 | 216,661 | 207,667 | 193,362 | 188,258 | 189,056 | 188,261 | 161,015 | 124,403 | 105,373 | 95,339 | 83,840 | 76,197 | 68,173 | 61,691 |
| Total asset turnover | 1.47 | 1.53 | 1.56 | 1.55 | 1.53 | 1.63 | 1.64 | 1.63 | 1.68 | 1.68 | 1.56 | 1.48 | 1.61 | 1.91 | 2.04 | 1.91 | 1.90 | 1.97 | 2.04 | 2.17 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $420,400K ÷ $285,607K
= 1.47
Total asset turnover measures how efficiently a company is using its assets to generate sales. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate revenue.
In the case of Xpel Inc, the total asset turnover ratio has shown fluctuations over the periods provided in the data. It decreased from 2.17 on March 31, 2020, to 1.47 on December 31, 2024. This downward trend suggests that the company may be experiencing challenges in efficiently utilizing its assets to generate sales over time.
It is important for Xpel Inc to closely monitor its total asset turnover ratio and assess the reasons behind any downward trends. This analysis can help the company identify areas for improvement in asset utilization and overall operational efficiency.