Tower International, Inc. Asset Turnover Ratio (TOWR), as of second quarter 2019, current and historic results, rankings and more - CSIMarket
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Tower International, Inc.  (TOWR)
 

Tower International Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Tower International's asset turnover ratio, the ratio that measures the ability of Tower International's assets to generate revenue, sequentially decreased to 0.98 in the second quarter (Jun 30 2019), which does not come as a surprise, as the Tower International continue to experience difficult business climate.

Within sector 23 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the Second Quarter 2019 compared to the preceding quarter from 1200 to 2059.

Asset Turnover Ratio Definition



TOWR Asset Turnover Ratio (Jun 30 2019)
II. Quarter
(Mar 31 2019)
I. Quarter
(Dec 31 2018)
IV. Quarter
(Sep 30 2018)
III. Quarter
(Jun 30 2018)
II. Quarter
Y / Y Asset Change -3.27 % -8.87 % -7.12 % -4.44 % 0.05 %
Y / Y Revenue Change -37.87 % -32.79 % - 13.45 % 13.49 %
Asset Turnover Ratio (TTM) 0.98 1.15 - 1.73 1.66
TOWR's Total Ranking # 2059 # 1200 # 1200 # 1200 # 1200
Seq. Asset Change -0.29 % 3.36 % -3.34 % -2.91 % -6.05 %
Seq. Revenue Change -8.79 % - - -5.65 % -1.33 %



Asset Turnover Ratio Company Ranking
Within: No.
Auto & Truck Parts Industry # 24
Consumer Discretionary Sector # 88
Overall Market # 2059

Asset Turnover Ratio Statistics
High Average Low
8.19 7.18 6.06
(Mar 31 2017)   (Dec 31 2013)







Companies with similar Asset Turnover Ratio for the quarter ending Jun 30 2019, within Consumer Discretionary Sector Asset Turnover Ratio Revenues for 12 Months ending Jun 30 2019 Assets at quarter ending Jun 30 2019
Eaco Corporation  2.65 $ 215.534  Millions$ 81.251  Millions
Sleep Number Corporation  2.57 $ 1,609.012  Millions$ 626.705  Millions
Torotel Inc  2.43 $ 22.428  Millions$ 9.229  Millions
Kimball International Inc   2.24 $ 768.070  Millions$ 342.771  Millions
Commercial Vehicle Group Inc   2.14 $ 934.966  Millions$ 436.755  Millions
Avnet Inc   2.13 $ 19,518.592  Millions$ 9,178.714  Millions
Znergy Inc.  2.08 $ 1.313  Millions$ 0.631  Millions
Power Solutions International Inc   2.07 $ 618.376  Millions$ 299.298  Millions
Worksport Ltd   2.06 $ 1.276  Millions$ 0.618  Millions
Trutankless Inc   1.96 $ 1.817  Millions$ 0.925  Millions
Orion Energy Systems Inc   1.88 $ 94.310  Millions$ 50.056  Millions
Capstone Companies Inc   1.85 $ 13.054  Millions$ 7.048  Millions
Crocs inc   1.85 $ 1,131.901  Millions$ 612.549  Millions
Lci Industries  1.83 $ 2,362.100  Millions$ 1,287.721  Millions
Williams sonoma Inc   1.83 $ 6,031.780  Millions$ 3,297.412  Millions
Anixter International Inc   1.82 $ 8,669.200  Millions$ 4,764.775  Millions
Leatt Corporation  1.81 $ 25.462  Millions$ 14.078  Millions
Patrick Industries Inc   1.80 $ 2,310.758  Millions$ 1,284.110  Millions
Arrow Electronics inc   1.77 $ 29,909.166  Millions$ 16,904.398  Millions
Brownie s Marine Group Inc   1.76 $ 2.769  Millions$ 1.575  Millions
Pier 1 Imports Inc  1.74 $ 1,495.398  Millions$ 861.378  Millions
Rev Group Inc   1.72 $ 2,410.511  Millions$ 1,400.525  Millions
Hooker Furnishings Corporation  1.72 $ 659.214  Millions$ 383.132  Millions
Nike Inc   1.70 $ 39,117.000  Millions$ 22,949.500  Millions
Strattec Security Corp  1.69 $ 508.144  Millions$ 301.014  Millions
Wesco International Inc   1.69 $ 8,190.047  Millions$ 4,859.100  Millions
Meritor Inc.  1.67 $ 4,586.000  Millions$ 2,746.750  Millions
Amerityre Corporation  1.67 $ 3.590  Millions$ 2.151  Millions
Houston Wire and Cable Co  1.65 $ 348.576  Millions$ 211.357  Millions
Navistar International Corporation  1.65 $ 11,788.000  Millions$ 7,156.750  Millions



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