Stantec(Stn) 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 STN 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 '2021', STN's total asset turnover was 0.88, reflecting overall efficiency in utilizing assets. Industry average for Military/Government/Technical in '2021' stood at 0.89.
• In '2022', STN's total asset turnover was 1.07, reflecting overall efficiency in utilizing assets. The increase since '2021' reflects strengthening financial performance. Industry average for Military/Government/Technical in '2022' stood at 0.85. Industry average declined by 0.03 from previous year.
• In '2023', STN's total asset turnover was 1.17, reflecting overall efficiency in utilizing assets. The increase since '2022' reflects strengthening financial performance. Industry average for Military/Government/Technical in '2023' stood at 1.03. Industry average increased by 0.17 compared to previous year.
• In '2024', STN's total asset turnover was 1.18, reflecting overall efficiency in utilizing assets. The increase since '2023' reflects strengthening financial performance. Industry average for Military/Government/Technical in '2024' stood at 0.93. Industry average declined by 0.10 from previous year.
Overall, STN'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.