Aecom Technology Corporation (ACM)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,378,500 | 13,148,200 | 13,340,900 | 13,240,000 | 13,642,500 |
| Total assets | US$ in thousands | 11,233,400 | 11,139,300 | 11,734,000 | 12,999,000 | 14,550,900 |
| Total asset turnover | 1.28 | 1.18 | 1.14 | 1.02 | 0.94 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,378,500K ÷ $11,233,400K
= 1.28
The total asset turnover of AECOM has shown a fluctuating trend over the past five years. The ratio increased from 1.02 in 2020 to 1.28 in 2023, indicating that the company generated $1.28 in revenue for every $1 of assets. This suggests an improvement in the efficiency of asset utilization. However, it is important to note that in 2019, the ratio was relatively high at 1.39 before declining in subsequent years. This may indicate a change in the company's operating strategy or the deployment of capital during this period. Overall, the upward trend in total asset turnover from 2020 to 2023 suggests an enhanced effectiveness in generating sales from its assets, reflecting positively on the company's operational performance.
Peer comparison
Sep 30, 2023