Apogee Enterprises Inc (APOG)
Total asset turnover
| Mar 2, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,547,564 | 2,501,973 | 2,557,103 | 2,594,503 | 2,585,810 | 2,517,893 | 2,118,478 | 1,700,683 | 1,312,727 | 1,276,688 | 1,255,080 | 1,248,514 | 1,210,378 | 1,253,972 | 1,279,807 | 1,318,706 | 1,387,439 | 1,396,594 | 1,416,396 | 1,421,471 |
| Total assets | US$ in thousands | 884,064 | 894,855 | 908,579 | 921,199 | 915,365 | 918,446 | 948,974 | 906,950 | 887,863 | 982,091 | 976,453 | 990,703 | 1,015,100 | 1,085,980 | 1,054,500 | 1,071,620 | 1,128,990 | 1,149,790 | 1,138,830 | 1,132,240 |
| Total asset turnover | 2.88 | 2.80 | 2.81 | 2.82 | 2.82 | 2.74 | 2.23 | 1.88 | 1.48 | 1.30 | 1.29 | 1.26 | 1.19 | 1.15 | 1.21 | 1.23 | 1.23 | 1.21 | 1.24 | 1.26 |
March 2, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,547,564K ÷ $884,064K
= 2.88
Apogee Enterprises Inc's total asset turnover has shown fluctuating trends over the past couple of years. The ratio has ranged between 1.15 and 2.88 during the period analyzed.
The company's total asset turnover has generally been above 1, indicating that the company is generating more revenue relative to its total assets. This suggests that Apogee Enterprises is efficient in generating sales from its assets.
The highest total asset turnover ratio of 2.88 occurred on March 2, 2024, while the lowest ratio of 1.15 was recorded on November 28, 2020.
Overall, the trend in the total asset turnover ratio indicates that Apogee Enterprises has been effectively utilizing its assets to generate sales revenue, although there have been some fluctuations in efficiency over the period studied.