Acuity Brands Inc (AYI)
Total asset turnover
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,813,600 | 3,850,400 | 3,913,100 | 4,022,500 | 4,082,500 | 4,049,200 | 3,979,100 | 3,887,700 | 3,727,000 | 3,594,000 | 3,461,000 | 3,363,200 | 3,240,000 | 3,287,700 | 3,326,400 | 3,379,200 | 3,547,600 | 3,575,500 | 3,672,900 | 3,768,000 |
| Total assets | US$ in thousands | 3,525,800 | 3,463,900 | 3,408,500 | 3,438,900 | 3,383,800 | 3,436,600 | 3,480,200 | 3,615,500 | 3,679,200 | 3,605,600 | 3,575,100 | 3,560,300 | 3,360,200 | 3,388,600 | 3,491,700 | 3,442,300 | 3,396,700 | 3,305,200 | 3,172,400 | 3,121,100 |
| Total asset turnover | 1.08 | 1.11 | 1.15 | 1.17 | 1.21 | 1.18 | 1.14 | 1.08 | 1.01 | 1.00 | 0.97 | 0.94 | 0.96 | 0.97 | 0.95 | 0.98 | 1.04 | 1.08 | 1.16 | 1.21 |
February 29, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,813,600K ÷ $3,525,800K
= 1.08
The total asset turnover ratio of Acuity Brands Inc has fluctuated over the past several quarters, ranging from a low of 0.94 to a high of 1.21. The ratio measures the efficiency with which the company generates sales from its assets. A ratio greater than 1 indicates that the company is generating more revenue relative to its total assets, which is generally seen as a positive sign of operational efficiency.
The trend in Acuity Brands Inc's total asset turnover ratio shows some variation, with an overall increasing trend from the most recent quarters. This could suggest improved efficiency in generating sales from its assets. However, the ratio dipped below 1 in some periods, indicating a decrease in revenue generated per dollar of assets, which may warrant further investigation.
Overall, the total asset turnover ratio of Acuity Brands Inc indicates that the company is effectively utilizing its assets to generate sales, with fluctuations in the ratio potentially reflecting changes in operational efficiency and revenue generation strategies.
Peer comparison
Feb 29, 2024