American Woodmark Corporation (AMWD)
Total asset turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,709,580 | 1,847,500 | 2,066,200 | 1,857,190 | 1,744,010 |
| Total assets | US$ in thousands | 1,570,570 | 1,593,860 | 1,518,800 | 1,632,500 | 1,636,510 |
| Total asset turnover | 1.09 | 1.16 | 1.36 | 1.14 | 1.07 |
April 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,709,580K ÷ $1,570,570K
= 1.09
The total asset turnover for American Woodmark Corporation has exhibited notable fluctuations over the period from 2021 to 2025. As of April 30, 2021, the ratio stood at 1.07, indicating that the company generated $1.07 in sales for every dollar of its total assets. This ratio increased steadily in the subsequent year to reach 1.14 by April 30, 2022, reflecting improved efficiency in using assets to generate sales.
The upward trend continued into 2023, with the ratio reaching 1.36, suggesting a significant enhancement in asset utilization and operational performance. However, in the following year, the ratio declined to 1.16 as of April 30, 2024, indicating a reduction in the efficiency of asset utilization or potential changes in sales volume relative to assets.
By April 30, 2025, the total asset turnover further decreased to 1.09, approaching the earlier levels observed in 2021. This decline could imply a slowdown in sales relative to asset base or strategic shifts impacting operational efficiency.
Overall, the company's total asset turnover demonstrated an improving trend throughout 2021 and 2022, culminating in a peak in 2023, before experiencing a decline in the subsequent years. This pattern suggests periods of enhanced asset management and sales performance, with the most recent figures indicating a partial reversion toward earlier levels of efficiency.