AeroVironment Inc (AVAV)
Total asset turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 692,722 | 716,720 | 540,536 | 445,732 | 394,912 |
| Total assets | US$ in thousands | 1,120,570 | 1,015,860 | 824,577 | 914,200 | 928,566 |
| Total asset turnover | 0.62 | 0.71 | 0.66 | 0.49 | 0.43 |
April 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $692,722K ÷ $1,120,570K
= 0.62
The total asset turnover ratio of AeroVironment Inc has demonstrated a clear upward trend over the specified period. As of April 30, 2021, the ratio was 0.43, indicating that the company generated approximately 43 cents of revenue per dollar of total assets. This metric increased to 0.49 by April 30, 2022, reflecting improved efficiency in utilizing assets to generate sales.
The ratio further improved significantly over the following year, reaching 0.66 as of April 30, 2023. This suggests a more effective deployment of the company's asset base in generating revenue, possibly due to operational efficiencies or strategic asset management. The positive trend continued with the ratio rising to 0.71 by April 30, 2024, its highest point in the observed period, indicating a peak in asset utilization efficiency.
However, the ratio experienced a slight decline to 0.62 by April 30, 2025. Despite this decrease, the ratio remained substantially higher than its 2021 level, signifying that AeroVironment Inc maintained improved asset efficiency compared to the earlier period. Overall, the data reflects a strong trajectory of enhanced asset utilization over the four-year span, with the company increasing its revenue generation efficiency relative to its total assets.
Peer comparison
Apr 30, 2025