Splash Beverage (Nv)(Sbev) Financials: Total Asset Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - total asset turnover
This chart shows the historical trend of total asset turnover for SBEV 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 '2020', SBEV's total asset turnover was 0.25, reflecting overall efficiency in utilizing assets. Industry average for Beverages (Production/Distribution) in '2020' stood at 0.25.
• In '2021', SBEV's total asset turnover was 0.88, reflecting overall efficiency in utilizing assets. The increase since '2020' reflects strengthening financial performance. Industry average for Beverages (Production/Distribution) in '2021' stood at 0.87. Industry average increased by 0.62 compared to previous year.
• In '2022', SBEV's total asset turnover was 1.07, reflecting overall efficiency in utilizing assets. The increase since '2021' reflects strengthening financial performance. Industry average for Beverages (Production/Distribution) in '2022' stood at 0.87. Industry average declined by 0.00 from previous year.
• In '2023', SBEV's total asset turnover was 1.39, reflecting overall efficiency in utilizing assets. The increase since '2022' reflects strengthening financial performance. Industry average for Beverages (Production/Distribution) in '2023' stood at 0.91. Industry average increased by 0.05 compared to previous year.
Overall, SBEV's total asset turnover has been volatile but showed an upward trend over the past 4 years.
Formula: Total Asset Turnover = Net Sales / Total Assets
Good Range: Ranges from 0.5 to 2 depending on business type.