AAR Corp (AIR)
Total asset turnover
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,272,900 | 2,183,800 | 2,146,300 | 2,075,600 | 1,977,600 | 1,904,800 | 1,839,500 | 1,806,700 | 1,815,900 | 1,776,800 | 1,734,400 | 1,701,900 | 1,627,100 | 1,607,600 | 1,758,900 | 1,915,600 | 2,075,300 | 2,221,500 | 2,187,900 | 2,119,700 |
| Total assets | US$ in thousands | 2,770,000 | 2,021,800 | 1,965,600 | 1,954,400 | 1,833,100 | 1,673,300 | 1,646,900 | 1,598,900 | 1,573,900 | 1,552,000 | 1,529,600 | 1,535,700 | 1,539,700 | 1,642,800 | 1,669,300 | 1,713,800 | 2,079,000 | 1,828,900 | 1,754,900 | 1,683,100 |
| Total asset turnover | 0.82 | 1.08 | 1.09 | 1.06 | 1.08 | 1.14 | 1.12 | 1.13 | 1.15 | 1.14 | 1.13 | 1.11 | 1.06 | 0.98 | 1.05 | 1.12 | 1.00 | 1.21 | 1.25 | 1.26 |
May 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,272,900K ÷ $2,770,000K
= 0.82
The total asset turnover ratio for AAR Corp has fluctuated over the past few years, ranging from a low of 0.82 to a high of 1.26. This ratio measures the company's efficiency in generating sales revenue from its total assets. A higher ratio indicates that the company is more effective in using its assets to generate revenue.
Looking at the trend, we can see that the total asset turnover has generally been above 1, indicating that AAR Corp has been efficient in utilizing its assets to generate sales. The slight fluctuations in the ratio over time may be influenced by changes in the company's operations, sales strategies, or asset base.
It is important to note that a total asset turnover ratio should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's performance and financial health.
Peer comparison
May 31, 2024