Aramark Holdings (ARMK)

Total asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	17,425,800	19,257,800	15,941,600	11,818,400	12,437,600
Total assets	US$ in thousands	12,674,400	16,871,200	15,082,400	14,376,200	15,712,700
Total asset turnover		1.37	1.14	1.06	0.82	0.79

September 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $17,425,800K ÷ $12,674,400K
= 1.37

Aramark Holdings' total asset turnover has been steadily increasing over the past five years, reflecting the company's ability to generate more revenue from its assets. The ratio has improved from 0.79 in 2020 to 1.37 in 2024. This indicates that, on average, the company generated $1.37 in revenue for every dollar of assets it owned in 2024.

The rising trend in total asset turnover suggests that Aramark Holdings has been more efficient in utilizing its assets to generate sales revenue. This could be attributed to improved operational efficiency, better management of inventory, or a more effective utilization of its resources.

Overall, the increasing total asset turnover ratio is a positive sign for Aramark Holdings, as it indicates a higher level of asset utilization and operational efficiency, which can lead to improved profitability in the long term.