AeroVironment Inc (AVAV)
Total asset turnover
| Apr 30, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | Apr 30, 2020 | Jul 27, 2019 | Apr 30, 2019 | Oct 27, 2018 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 715,435 | 704,843 | 652,660 | 583,428 | 539,407 | 496,023 | 461,264 | 482,030 | 485,044 | 478,879 | 471,908 | 427,008 | 451,353 | 402,249 | 397,514 | 383,043 | 325,863 | 356,333 | 323,036 | 315,858 |
| Total assets | US$ in thousands | 1,015,860 | 980,299 | 1,006,700 | 826,060 | 824,577 | 921,202 | 891,682 | 896,654 | 914,200 | 905,263 | 925,307 | 908,553 | 928,566 | 588,007 | 577,819 | 584,954 | 534,582 | 508,844 | 486,567 | 480,361 |
| Total asset turnover | 0.70 | 0.72 | 0.65 | 0.71 | 0.65 | 0.54 | 0.52 | 0.54 | 0.53 | 0.53 | 0.51 | 0.47 | 0.49 | 0.68 | 0.69 | 0.65 | 0.61 | 0.70 | 0.66 | 0.66 |
April 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $715,435K ÷ $1,015,860K
= 0.70
AeroVironment Inc's total asset turnover has fluctuated over the past several quarters, ranging from 0.47 to 0.72. The ratio measures the efficiency with which the company generates revenue from its assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate sales.
In the most recent quarter, ending April 30, 2024, the total asset turnover was 0.70, showing a moderate efficiency in asset utilization. This ratio was slightly lower than the previous quarter at 0.72 but higher than the ratio recorded in the same quarter a year ago at 0.65.
Overall, the trend in total asset turnover for AeroVironment Inc seems to have improved over the past year, indicating better efficiency in generating revenue from its assets. However, it would be beneficial for the company to continue monitoring and potentially improving this ratio to enhance its overall operational efficiency and profitability.
Peer comparison
Apr 30, 2024