AeroVironment Inc (AVAV)
Total asset turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 715,090 | 538,194 | 480,176 | 437,161 | 428,516 |
| Total assets | US$ in thousands | 1,015,860 | 824,577 | 914,200 | 928,566 | 584,954 |
| Total asset turnover | 0.70 | 0.65 | 0.53 | 0.47 | 0.73 |
April 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $715,090K ÷ $1,015,860K
= 0.70
The total asset turnover ratio for AeroVironment Inc has shown fluctuations over the past five years, ranging from 0.47 to 0.73. In 2024, the total asset turnover was 0.70, indicating that the company generated approximately $0.70 in sales for every $1 of total assets it possessed during that period.
The increasing trend in total asset turnover from 2021 to 2024 suggests that AeroVironment Inc has become more efficient in utilizing its assets to generate sales revenue. This improvement could be a result of better operational management, increased productivity, or a more effective sales strategy.
However, the ratio does not always tell the full story and should be considered in conjunction with other financial metrics and industry benchmarks for a more comprehensive analysis of AeroVironment Inc's operational efficiency and asset utilization.
Peer comparison
Apr 30, 2024