Total Asset Turnover
since 2010
Calculation
Generac Holdings Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.77 | = | 3,737,184) | ÷ | 4,877,780) |
| Dec 31, 2020 | 0.77 | = | 2,485,200) | ÷ | 3,235,423) |
| Dec 31, 2019 | 0.83 | = | 2,204,336) | ÷ | 2,665,669) |
| Dec 31, 2018 | 0.83 | = | 2,023,464) | ÷ | 2,426,314) |
| Dec 31, 2017 | 0.83 | = | 1,672,445) | ÷ | 2,019,964) |
| Dec 31, 2016 | 0.78 | = | 1,444,453) | ÷ | 1,861,684) |
| Dec 31, 2015 | 0.73 | = | 1,317,299) | ÷ | 1,792,816) |
| Dec 31, 2014 | 0.78 | = | 1,460,919) | ÷ | 1,882,542) |
| Dec 31, 2013 | 0.83 | = | 1,485,765) | ÷ | 1,798,205) |
| Dec 31, 2012 | 0.73 | = | 1,176,306) | ÷ | 1,603,847) |
| Dec 31, 2011 | 0.51 | = | 791,976) | ÷ | 1,552,793) |
| Dec 31, 2010 | 0.49 | = | 592,880) | ÷ | 1,209,883) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
1 US$ in thousands
The financial trajectory from 2010 to 2021 is characterized by substantial growth in both top-line revenue and the asset base, accompanied by an initial phase of improving asset utilization efficiency followed by long-term stabilization.
- Revenue and Asset Expansion
- Net sales experienced a significant upward trend, increasing from $592.88 million in 2010 to $3.74 billion by 2021. During the same period, total assets expanded from $1.21 billion to $4.88 billion. The most pronounced growth occurred in 2021, where both sales and assets saw sharp increases, indicating a period of aggressive operational scaling.
- Total Asset Turnover Evolution
- The total asset turnover ratio demonstrated a strong positive trend in the early years, rising from 0.49 in 2010 to a peak of 0.83 in 2013. This progression indicates a marked improvement in the efficiency of asset deployment to generate revenue. From 2014 through 2019, the ratio entered a period of relative stability, fluctuating between 0.73 and 0.83, which suggests that asset growth was largely commensurate with sales growth during this timeframe.
- Recent Efficiency Analysis
- Between 2020 and 2021, the total asset turnover ratio remained constant at 0.77. While the absolute values of net sales and total assets increased substantially in 2021, the stability of the ratio indicates that the expansion of the balance sheet was matched proportionally by the increase in sales volume, maintaining a consistent level of asset productivity.
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Comparison to Competitors
Generac Holdings Inc., total asset turnover, long-term trends, comparison to competitors
| Generac Holdings Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 0.77 | 0.45 | 0.58 | 0.58 | 0.36 | 0.53 | 1.32 | 0.40 |
| Dec 31, 2020 | 0.77 | 0.38 | 0.50 | 0.56 | 0.29 | 0.51 | 1.29 | 0.35 |
| Dec 31, 2019 | 0.83 | 0.57 | 0.65 | 0.65 | 0.33 | 0.63 | 1.26 | 0.55 |
| Dec 31, 2018 | 0.83 | 0.86 | 0.66 | 0.70 | 0.37 | 0.72 | 1.20 | 0.50 |
| Dec 31, 2017 | 0.83 | 1.01 | 0.55 | 0.63 | 0.30 | 0.68 | 1.10 | 0.62 |
| Dec 31, 2016 | 0.78 | 1.05 | 0.48 | 0.65 | 0.30 | 0.73 | 0.99 | 0.64 |
| Dec 31, 2015 | 0.73 | 1.02 | 0.56 | 0.67 | 0.21 | 0.78 | 0.94 | 0.64 |
| Dec 31, 2014 | 0.78 | 0.91 | 0.62 | 0.67 | 0.16 | 0.89 | 1.23 | 0.71 |
| Dec 31, 2013 | 0.83 | 0.93 | 0.62 | 0.62 | 0.15 | 0.86 | 1.25 | 0.69 |
| Dec 31, 2012 | 0.73 | 0.92 | 0.71 | 0.46 | 0.15 | 0.90 | 1.22 | 0.65 |
| Dec 31, 2011 | 0.51 | 0.86 | 0.70 | 0.90 | 0.13 | 0.92 | 1.23 | 0.95 |
| Dec 31, 2010 | 0.49 | 0.94 | 0.62 | 0.79 | 0.13 | 0.88 | 1.31 | 0.93 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
Comparison to Sector (Capital Goods)
Generac Holdings Inc., total asset turnover, long-term trends, comparison to sector (capital goods)
| Generac Holdings Inc. | Capital Goods | |
|---|---|---|
| Dec 31, 2021 | 0.77 | 0.50 |
| Dec 31, 2020 | 0.77 | 0.43 |
| Dec 31, 2019 | 0.83 | 0.54 |
| Dec 31, 2018 | 0.83 | 0.58 |
| Dec 31, 2017 | 0.83 | 0.54 |
| Dec 31, 2016 | 0.78 | 0.54 |
| Dec 31, 2015 | 0.73 | 0.46 |
| Dec 31, 2014 | 0.78 | 0.41 |
| Dec 31, 2013 | 0.83 | 0.39 |
| Dec 31, 2012 | 0.73 | 0.38 |
| Dec 31, 2011 | 0.51 | 0.36 |
| Dec 31, 2010 | 0.49 | 0.34 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
Comparison to Industry (Industrials)
Generac Holdings Inc., total asset turnover, long-term trends, comparison to industry (industrials)
| Generac Holdings Inc. | Industrials | |
|---|---|---|
| Dec 31, 2021 | 0.77 | 0.58 |
| Dec 31, 2020 | 0.77 | 0.50 |
| Dec 31, 2019 | 0.83 | 0.62 |
| Dec 31, 2018 | 0.83 | 0.67 |
| Dec 31, 2017 | 0.83 | 0.62 |
| Dec 31, 2016 | 0.78 | 0.61 |
| Dec 31, 2015 | 0.73 | 0.54 |
| Dec 31, 2014 | 0.78 | 0.49 |
| Dec 31, 2013 | 0.83 | 0.47 |
| Dec 31, 2012 | 0.73 | 0.46 |
| Dec 31, 2011 | 0.51 | 0.45 |
| Dec 31, 2010 | 0.49 | 0.41 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).