Encore Wire Corp Asset Turnover Ratio (WIRE), as of first quarter 2024, current and historic results, rankings and more - CSIMarket
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Encore Wire Corp  (NASDAQ: WIRE)
 

Encore Wire Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Due to the increase in investments during the first quarter 2024, Encore Wire's asset turnover ratio sequentially decreased to 1.22 in the first quarter (Mar 31 2024), this is lower than usual.

Within sector 34 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 First Quarter 2024 compared to the preceding quarter from 652 to 2717.

Asset Turnover Ratio Definition



WIRE Asset Turnover Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Asset Change 2.25 % -2.52 % 20.96 % 13.79 % 20.26 %
Y / Y Revenue Change -4.32 % -8.66 % -16.45 % -24.07 % -8.65 %
Asset Turnover Ratio (TTM) 1.22 1.24 1.27 1.39 1.54
WIRE's Total Ranking # 2717 # 652 # 529 # 652 #
Seq. Asset Change 3.74 % -13.6 % 13.16 % 0.81 % -1.1 %
Seq. Revenue Change -0.28 % -0.5 % 0.08 % -3.64 % -4.81 %



Asset Turnover Ratio Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry # 35
Basic Materials Sector # 192
Overall Market # 2717

Asset Turnover Ratio Statistics
High Average Low
5.46 5.24 5.04
(Mar 31 2023)   (Sep 30 2018)







Companies with similar Asset Turnover Ratio for the quarter ending Mar 31 2024, within Basic Materials Sector Asset Turnover Ratio Revenues for 12 Months ending Mar 31 2024 Assets at quarter ending Mar 31 2024
Mag Mile Capital Inc   3.31 $ 3.441  Millions$ 1.038  Millions
Alto Ingredients Inc   2.52 $ 1,149.678  Millions$ 455.347  Millions
Friedman Industries Inc  2.39 $ 516.251  Millions$ 215.715  Millions
Olympic Steel Inc  2.11 $ 2,111.729  Millions$ 1,000.851  Millions
Bluelinx Holdings Inc   1.96 $ 3,064.159  Millions$ 1,566.294  Millions
Boise Cascade Company  1.96 $ 6,938.789  Millions$ 3,547.974  Millions
Ryerson Holding Corporation  1.93 $ 4,941.700  Millions$ 2,561.375  Millions
Forward Industries Inc   1.77 $ 30.203  Millions$ 17.041  Millions
Ufp Industries inc   1.76 $ 7,033.540  Millions$ 3,986.116  Millions
Xpel Inc   1.67 $ 399.448  Millions$ 238.493  Millions
L b Foster Company  1.67 $ 551.732  Millions$ 331.240  Millions
Biolargo Inc   1.62 $ 12.658  Millions$ 7.813  Millions
Gms inc   1.62 $ 5,524.831  Millions$ 3,411.549  Millions
Green Plains Inc   1.59 $ 3,060.008  Millions$ 1,928.174  Millions
Cardinal Ethanol Llc  1.58 $ 385.558  Millions$ 244.047  Millions
Apogee Enterprises Inc   1.57 $ 1,416.229  Millions$ 902.174  Millions
Core Molding Technologies Inc   1.56 $ 334.922  Millions$ 214.101  Millions
Dnow Inc   1.55 $ 2,300.000  Millions$ 1,479.750  Millions
South 8 Energy Llc  1.53 $ 177.985  Millions$ 116.645  Millions
Hawkins Inc   1.52 $ 919.162  Millions$ 603.932  Millions
Lake Area Corn Processors Llc  1.50 $ 249.248  Millions$ 165.940  Millions
Karat Packaging Inc   1.44 $ 404.844  Millions$ 280.581  Millions
Beacon Roofing Supply Inc   1.43 $ 9,299.600  Millions$ 6,519.875  Millions
Reliance Inc   1.38 $ 14,485.400  Millions$ 10,531.450  Millions
Pure Bioscience Inc   1.38 $ 2.091  Millions$ 1.520  Millions
Innovate Corp   1.36 $ 1,419.700  Millions$ 1,040.675  Millions
Drilling Tools International Corporation  1.33 $ 189.008  Millions$ 142.296  Millions
Broadwind Inc   1.33 $ 192.220  Millions$ 144.948  Millions
Kaiser Aluminum Corporation  1.33 $ 3,016.900  Millions$ 2,275.700  Millions
Quanex Building Products Corporation  1.32 $ 1,100.488  Millions$ 832.396  Millions



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