Columbus Mckinnon(Cmco) Financials: Total Asset Turnover Compared To Industry Average, Plus Other Key Ratios

Report Profitability Growth Liquidity Solvency Valuation

fixed asset turnover inventory turnover payables turnover receivables turnover total asset turnover working capital turnover

Growth Trend (Last 5 Years)

Growth - total asset turnover

This chart shows the historical trend of total asset turnover for CMCO compared to its industry average over the recent years.

Ratio Definition and Interpretation

Name: Total Asset Turnover

Definition: Total asset turnover measures how efficiently the company generates sales from its entire asset base. A high turnover means the company gets a lot of sales out of relatively fewer assets — very efficient. A low turnover may suggest underused assets or bloated balance sheets.

Interpretation:
• In '2022', CMCO's total asset turnover was 0.64, reflecting overall efficiency in utilizing assets. Industry average for Construction/Ag Equipment/Trucks in '2022' stood at 1.13.
• In '2023', CMCO's total asset turnover was 0.55, reflecting overall efficiency in utilizing assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Construction/Ag Equipment/Trucks in '2023' stood at 1.23. Industry average increased by 0.09 compared to previous year.
• In '2024', CMCO's total asset turnover was 0.58, reflecting overall efficiency in utilizing assets. The increase since '2023' reflects strengthening financial performance. Industry average for Construction/Ag Equipment/Trucks in '2024' stood at 1.28. Industry average increased by 0.05 compared to previous year.
Overall, CMCO's total asset turnover has consistently declined during the past 3 years.

Formula: Total Asset Turnover = Net Sales / Total Assets

Good Range: Ranges from 0.5 to 2 depending on business type.