American Woodmark Corporation (AMWD)
Total asset turnover
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,848,918 | 1,882,647 | 1,938,887 | 2,024,050 | 2,066,902 | 2,081,573 | 2,062,231 | 1,955,957 | 1,857,937 | 1,835,933 | 1,805,073 | 1,796,872 | 1,738,985 | 1,640,397 | 1,634,769 | 1,611,322 | 1,635,965 | 1,631,214 | 1,635,512 | 1,645,319 |
| Total assets | US$ in thousands | 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 | 1,654,400 | 1,656,870 | 1,672,880 | 1,667,440 | 1,593,830 | 1,598,660 | 1,623,420 | 1,529,930 |
| Total asset turnover | 1.16 | 1.20 | 1.26 | 1.32 | 1.36 | 1.33 | 1.25 | 1.19 | 1.14 | 1.15 | 1.13 | 1.13 | 1.05 | 0.99 | 0.98 | 0.97 | 1.03 | 1.02 | 1.01 | 1.08 |
April 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,848,918K ÷ $1,593,860K
= 1.16
American Woodmark Corporation's total asset turnover has varied over the past few years. The ratio indicates how efficiently the company generates revenue relative to its total assets. A higher total asset turnover suggests better asset utilization.
From April 2019 to January 2020, the total asset turnover was relatively stable around 1.03 to 1.08. However, there was a decline in the ratio from January 2020 to April 2021, reaching a low of 0.99. This suggests a potential decrease in revenue generated per dollar of assets during that period.
Subsequently, there was an improvement in total asset turnover from April 2021 to July 2023, peaking at 1.36. This indicates a more efficient utilization of assets to generate revenue during this period.
However, there was a slight decline in total asset turnover from July 2023 to April 2024, where it stood at 1.16. Despite the fluctuations, the company's total asset turnover has generally remained above 1.0, indicating overall effective asset utilization in generating revenue. Further analysis of the underlying factors affecting asset turnover during these periods could provide insights into the company's operational efficiency and performance.