Apogee Enterprises Inc (APOG)
Total asset turnover
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,360,990 | 1,416,940 | 1,416,940 | 1,440,700 | 1,440,700 |
| Total assets | US$ in thousands | 1,175,270 | 884,064 | 884,064 | 915,365 | 915,365 |
| Total asset turnover | 1.16 | 1.60 | 1.60 | 1.57 | 1.57 |
February 28, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,360,990K ÷ $1,175,270K
= 1.16
The total asset turnover of Apogee Enterprises Inc has remained relatively stable over the past few years. In February 2023 and 2024, the total asset turnover was 1.57 and 1.60 respectively, indicating that the company generated $1.57 and $1.60 of revenue for every dollar of assets it held during those periods.
However, there was a notable decrease in the total asset turnover to 1.16 in February 2025. This decline suggests that Apogee Enterprises Inc may be experiencing challenges in efficiently utilizing its assets to generate revenue. Further analysis and comparison with industry benchmarks may provide more insights into the reasons behind this decrease and help identify potential areas for improvement in the company's asset management strategies.