Aramark Holdings (ARMK)

Total asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	19,603,060	19,914,720	18,710,200	17,336,900	16,595,300	15,942,560	15,070,690	14,063,660	13,022,850	11,818,380	10,986,830	10,018,580	10,929,130	12,437,650	14,084,690	15,944,550	16,214,300	16,367,500	16,329,860	16,290,710
Total assets	US$ in thousands	12,419,400	16,871,200	15,397,500	15,456,100	15,290,500	15,082,400	14,988,800	14,662,200	14,465,500	14,376,200	14,050,100	14,487,700	14,506,200	15,712,700	15,622,100	14,847,500	14,273,100	13,736,300	13,729,500	13,710,800
Total asset turnover		1.58	1.18	1.22	1.12	1.09	1.06	1.01	0.96	0.90	0.82	0.78	0.69	0.75	0.79	0.90	1.07	1.14	1.19	1.19	1.19

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,603,060K ÷ $12,419,400K
= 1.58

The total asset turnover of Aramark Holdings has shown a fluctuating trend over the past few years, with values ranging from 0.69 to 1.58.

The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher ratio indicates that the company is generating more revenue per dollar of assets, which is generally favorable.

Aramark Holdings' total asset turnover has generally improved from 2019 to 2023, indicating better efficiency in utilizing its assets to generate revenue. The ratio peaked at 1.58 on December 31, 2023, suggesting that the company was able to generate $1.58 in revenue for every dollar of assets held at that point in time.

However, it is essential to note the variability in the ratio over the periods, which may reflect changes in the company's operating efficiency, asset management practices, or business strategy. Further analysis would be needed to understand the factors driving these fluctuations and to assess the overall effectiveness of Aramark Holdings in utilizing its assets to generate revenue.