Acuity Brands Inc (AYI)
Total asset turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,835,700 | 3,913,100 | 3,981,400 | 3,461,000 | 3,326,300 |
| Total assets | US$ in thousands | 3,814,600 | 3,408,500 | 3,480,200 | 3,575,100 | 3,491,700 |
| Total asset turnover | 1.01 | 1.15 | 1.14 | 0.97 | 0.95 |
August 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,835,700K ÷ $3,814,600K
= 1.01
Acuity Brands Inc's total asset turnover has fluctuated over the past five years. The company's total asset turnover ratio, which measures how efficiently the company generates sales from its assets, stood at 1.01 in 2024, reflecting a slight decrease from the previous year. This indicates that Acuity Brands Inc generated $1.01 in sales for every $1 of assets during the period.
Comparing to prior years, the total asset turnover ratio was higher in 2023 and 2022 at 1.15 and 1.14, respectively, suggesting that the company was more efficient in utilizing its assets to generate revenue during those years. However, there was a slight decline in 2021 with a total asset turnover of 0.97, indicating a less efficient use of assets to generate sales. In 2020, the ratio was 0.95, showing a similar trend of lower efficiency in asset utilization.
Overall, Acuity Brands Inc's total asset turnover has varied over the past five years, reflecting fluctuations in the company's efficiency in generating sales from its total assets. Further analysis and comparison with industry benchmarks may provide insights into the company's asset management strategies and operational performance.
Peer comparison
Aug 31, 2024