American Woodmark Corporation (AMWD)
Total asset turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,709,585 | 1,762,468 | 1,786,990 | 1,808,375 | 1,847,502 | 1,875,319 | 1,933,930 | 2,021,562 | 2,066,200 | 2,086,811 | 2,065,834 | 1,957,498 | 1,857,186 | 1,828,870 | 1,801,088 | 1,796,508 | 1,744,014 | 1,669,821 | 1,633,622 | 1,613,055 |
| Total assets | US$ in thousands | 1,570,570 | 1,590,240 | 1,609,880 | 1,623,420 | 1,593,860 | 1,573,840 | 1,534,100 | 1,530,630 | 1,518,800 | 1,564,370 | 1,651,030 | 1,646,210 | 1,632,500 | 1,591,680 | 1,595,740 | 1,589,580 | 1,636,510 | 1,656,870 | 1,672,880 | 1,667,440 |
| Total asset turnover | 1.09 | 1.11 | 1.11 | 1.11 | 1.16 | 1.19 | 1.26 | 1.32 | 1.36 | 1.33 | 1.25 | 1.19 | 1.14 | 1.15 | 1.13 | 1.13 | 1.07 | 1.01 | 0.98 | 0.97 |
April 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,709,585K ÷ $1,570,570K
= 1.09
The total asset turnover ratio of American Woodmark Corporation exhibits a consistent upward trend from July 31, 2020, through January 31, 2023, indicating an improvement in the company's efficiency in generating sales relative to its asset base. Specifically, the ratio increased from 0.97 in July 2020 to a peak of 1.33 in January 2023, reflecting that the company was generating more sales per dollar of assets over this period. The period between July 2020 and January 2023 demonstrates a steady improvement in asset utilization, possibly due to enhancements in operational efficiency, revenue growth, or better asset management.
Following the peak in early 2023, the ratio begins to show signs of a slight decline. By April 30, 2023, the ratio slightly decreased to 1.36, and subsequent data points indicate a gradual decline to 1.11 as of October 31, 2024. The ratio stabilizes around 1.11 in the latter half of 2024 and into early 2025. This reduction could suggest a relative decrease in sales efficiency or increased asset base not matched by a corresponding increase in sales. The diminishing ratio may also reflect strategic investments or operational adjustments that temporarily impact sales performance relative to assets.
Overall, the company's total asset turnover demonstrates a trajectory of strengthening efficiency leading up to early 2023, followed by a stabilization or modest decline in subsequent periods. This pattern underscores the importance of monitoring asset management and sales performance in sustaining operational efficiency over time.