Apogee Enterprises Inc (APOG)
Total asset turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Nov 30, 2023 | Nov 25, 2023 | Aug 31, 2023 | Aug 26, 2023 | May 31, 2023 | May 27, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,360,994 | 1,458,353 | 1,478,849 | 1,476,123 | 1,822,581 | 1,733,203 | 2,076,483 | 2,098,482 | 2,141,925 | 2,132,355 | 1,824,697 | 1,830,831 | 1,842,518 | 1,870,522 | 2,215,580 | 2,204,368 | 2,183,988 | 2,139,836 | 1,726,861 | 1,704,443 |
| Total assets | US$ in thousands | 1,175,270 | 1,180,520 | 917,092 | 888,979 | 884,064 | 884,064 | 894,855 | 894,855 | 908,579 | 908,579 | 921,199 | 921,199 | 915,365 | 915,365 | 918,446 | 918,446 | 948,974 | 948,974 | 906,950 | 906,950 |
| Total asset turnover | 1.16 | 1.24 | 1.61 | 1.66 | 2.06 | 1.96 | 2.32 | 2.35 | 2.36 | 2.35 | 1.98 | 1.99 | 2.01 | 2.04 | 2.41 | 2.40 | 2.30 | 2.25 | 1.90 | 1.88 |
February 28, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,360,994K ÷ $1,175,270K
= 1.16
The total asset turnover of Apogee Enterprises Inc has shown fluctuations over the period under review. The ratio, which measures the efficiency of the company in generating sales from its assets, has generally been on an upward trend from May 2022 to August 2023, peaking at 2.41 in November 2022. This indicates that the company was able to generate $2.41 in sales for every dollar of assets during that period.
However, there was a slight decline in total asset turnover from February 2023 to May 2024, with the ratio dropping to 1.61 in August 2024. This suggests that the company's ability to generate sales from its total assets decreased during this time frame.
The total asset turnover ratio further declined significantly to 1.16 in February 2025, indicating a lower level of efficiency in utilizing its assets to generate sales compared to previous periods.
Overall, the total asset turnover ratio of Apogee Enterprises Inc has exhibited variability, with periods of improvement followed by declines in efficiency in converting assets into revenue. It is essential for the company to closely monitor and manage its asset utilization to enhance overall operational efficiency and profitability.