Applied Industrial Technologies (AIT)
Total asset turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,563,420 | 4,499,370 | 4,479,010 | 4,483,160 | 4,479,410 | 4,476,800 | 4,462,450 | 4,445,580 | 4,412,790 | 4,316,180 | 4,164,802 | 3,981,396 | 3,810,677 | 3,645,105 | 3,505,380 | 3,379,793 | 3,235,919 | 3,065,107 | 3,054,967 | 3,137,055 |
| Total assets | US$ in thousands | 3,175,540 | 3,115,660 | 3,044,640 | 3,003,210 | 2,951,910 | 2,854,940 | 2,782,760 | 2,750,510 | 2,743,330 | 2,608,640 | 2,522,900 | 2,474,170 | 2,452,590 | 2,383,570 | 2,225,710 | 2,303,180 | 2,271,810 | 2,305,390 | 2,241,020 | 2,249,250 |
| Total asset turnover | 1.44 | 1.44 | 1.47 | 1.49 | 1.52 | 1.57 | 1.60 | 1.62 | 1.61 | 1.65 | 1.65 | 1.61 | 1.55 | 1.53 | 1.57 | 1.47 | 1.42 | 1.33 | 1.36 | 1.39 |
June 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,563,420K ÷ $3,175,540K
= 1.44
The analysis of Applied Industrial Technologies' total asset turnover over the specified period reveals a generally stable and slightly increasing trend with some fluctuations. Starting from a value of 1.39 as of September 30, 2020, the ratio decreased marginally to reach a low of 1.33 by March 31, 2021. Subsequently, it experienced a gradual upward trajectory, peaking at 1.65 by December 31, 2022, and maintaining a relatively consistent level through March 31, 2023.
Following this peak, a modest decline is observable, with the ratio decreasing to approximately 1.57 by March 31, 2024, and further down to around 1.44-1.47 levels near the end of 2024 and into mid-2025. Throughout this period, the ratio fluctuates within a range roughly between 1.33 and 1.65, indicating periods of increased efficiency in utilizing assets to generate revenue, balanced by phases of slight decline.
Overall, the pattern suggests that Applied Industrial Technologies demonstrated improved asset utilization capabilities during the first half of the observed timeline, with notable peaks around late 2022. The subsequent decline may reflect changes in operational efficiencies, asset composition, or business conditions. In the most recent data, the ratio continues to hover around 1.40 to 1.50, implying a stable but modest level of asset productivity.