Aramark Holdings (ARMK)

Total asset turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	19,257,800	15,941,600	11,818,400	12,437,600	16,025,900
Total assets	US$ in thousands	16,871,200	15,082,400	14,376,200	15,712,700	13,736,300
Total asset turnover		1.14	1.06	0.82	0.79	1.17

September 30, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $19,257,800K ÷ $16,871,200K
= 1.14

The total asset turnover ratio measures a company's efficiency in generating sales revenue from its total assets. A higher ratio indicates better asset utilization.

For Aramark Holdings:
- In 2023, the total asset turnover ratio improved to 1.14, reflecting an increase in sales generated per dollar of total assets compared to the previous year.
- The ratio has generally shown an upward trend over the past five years, with fluctuations in between.
- In 2021 and 2020, the ratio was relatively lower at 0.82 and 0.79, suggesting lower efficiency in asset utilization during those years.
- The highest total asset turnover was recorded in 2019 at 1.17, indicating strong asset efficiency in that year.

Overall, the trend in Aramark Holdings' total asset turnover shows some variability but generally trending upwards, which could indicate improving operational efficiency and better utilization of assets to generate sales revenue.