AAR Corp (AIR)
Total asset turnover
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,272,900 | 1,977,600 | 1,815,900 | 1,627,100 | 2,062,700 |
| Total assets | US$ in thousands | 2,770,000 | 1,833,100 | 1,573,900 | 1,539,700 | 2,079,000 |
| Total asset turnover | 0.82 | 1.08 | 1.15 | 1.06 | 0.99 |
May 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,272,900K ÷ $2,770,000K
= 0.82
The total asset turnover of AAR Corp has fluctuated over the past five years. In May 2023, the total asset turnover was at its highest point of 1.08, indicating that the company generated $1.08 in revenue for every $1 of assets. This suggests efficient utilization of assets to generate sales. However, in May 2024, the total asset turnover decreased to 0.82, signaling a decline in the company's ability to generate revenue from its assets efficiently. The trend in total asset turnover over the years suggests that AAR Corp may have experienced variability in its asset management efficiency. Further analysis is needed to understand the factors driving these fluctuations and to assess the overall financial performance of the company.
Peer comparison
May 31, 2024