Aecom Technology Corporation (ACM)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,105,500 | 14,378,500 | 13,148,200 | 13,340,900 | 13,240,000 |
| Total assets | US$ in thousands | 12,061,700 | 11,233,400 | 11,139,300 | 11,734,000 | 12,999,000 |
| Total asset turnover | 1.34 | 1.28 | 1.18 | 1.14 | 1.02 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $16,105,500K ÷ $12,061,700K
= 1.34
Aecom Technology Corporation's total asset turnover has shown an increasing trend over the past five years, indicating the company's improved efficiency in generating revenue from its total assets. The total asset turnover ratio has increased from 1.02 in 2020 to 1.34 in 2024.
This improvement suggests that Aecom has been able to utilize its assets more effectively to generate sales and revenue. A higher total asset turnover ratio generally reflects better operational efficiency and asset utilization, as the company is generating more sales for each dollar of assets it owns.
Overall, the increasing trend in Aecom's total asset turnover ratio is a positive indicator of the company's operational performance and efficiency in utilizing its assets to drive revenue growth.
Peer comparison
Sep 30, 2024