Aramark Holdings (ARMK)

Total asset turnover

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	17,220,030	17,990,200	19,113,600	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
Total assets	US$ in thousands	12,674,400	12,548,700	12,560,900	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
Total asset turnover		1.36	1.43	1.52	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

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,220,030K ÷ $12,674,400K
= 1.36

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. A higher total asset turnover indicates that the company is utilizing its assets more efficiently to generate sales.

Based on the data provided for Aramark Holdings, we see fluctuations in the total asset turnover ratio over the past few years. The ratio has ranged from 0.69 to 1.58, with significant variability. In recent periods, the ratio has shown an upward trend, reaching a peak of 1.58 in Dec 31, 2023, which suggests improving efficiency in generating revenue from assets.

The general trend of increasing total asset turnover indicates that Aramark Holdings has been managing its assets more effectively to drive sales. However, it is essential to consider other factors and conduct a more in-depth analysis to fully understand the company's operational efficiency and financial performance.