Xpel Inc (XPEL)
Total asset turnover
| 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 | 395,362 | 367,671 | 354,472 | 335,716 | 322,032 | 313,502 | 292,841 | 278,485 | 258,608 | 237,501 | 215,221 | 182,193 | 158,356 | 149,325 | 138,728 | 133,070 |
| Total assets | US$ in thousands | 252,041 | 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 | 1.57 | 1.62 | 1.64 | 1.62 | 1.67 | 1.67 | 1.55 | 1.48 | 1.61 | 1.91 | 2.04 | 1.91 | 1.89 | 1.96 | 2.03 | 2.16 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $395,362K ÷ $252,041K
= 1.57
The total asset turnover ratio measures how efficiently a company is utilizing its total assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets.
Based on the data provided for XPEL Inc from Q1 2022 to Q4 2023, the total asset turnover ratio has varied between 1.48 and 1.68. The trend over the past eight quarters indicates a relatively stable performance in terms of asset utilization efficiency.
In Q2 and Q3 of 2022, XPEL Inc experienced a dip in total asset turnover to 1.56, which was the lowest point during this period. However, the ratio rebounded in the following quarters, reaching a peak of 1.68 in Q4 2022.
Overall, XPEL Inc has maintained a solid total asset turnover ratio ranging from 1.48 to 1.68, suggesting consistent efficiency in generating revenue relative to its total assets over the analyzed period.