Acuity Brands Inc (AYI)
Total asset turnover
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,822,700 | 3,789,100 | 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 |
| Total assets | US$ in thousands | 3,814,600 | 3,642,900 | 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 |
| Total asset turnover | 1.00 | 1.04 | 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 |
August 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,822,700K ÷ $3,814,600K
= 1.00
The total asset turnover ratio for Acuity Brands Inc has exhibited fluctuations over the past few quarters. The ratio indicates the company's ability to generate sales from its total assets.
The trend shows that from Nov 30, 2019, to Feb 29, 2020, the total asset turnover ratio was relatively stable around 1.04, indicating that the company was efficiently utilizing its assets to generate revenue. However, the ratio decreased in subsequent quarters, reaching a low of 0.94 by May 31, 2021. This decrease may suggest that Acuity Brands Inc was facing challenges in generating sales from its assets efficiently during this period.
From May 31, 2021, to Nov 30, 2021, the total asset turnover ratio improved, reaching 1.00 by Nov 30, 2021, and further increasing to 1.08 by May 31, 2022. This uptrend indicated that the company was able to enhance its ability to generate sales relative to its total assets during this period.
The ratio continued to rise to a peak of 1.21 by Feb 28, 2023, before gradually decreasing to 1.00 by Nov 30, 2023. This decrease suggests a potential decline in the company's efficiency in utilizing its total assets to generate sales during this period.
Overall, fluctuations in the total asset turnover ratio for Acuity Brands Inc indicate varying levels of efficiency in asset utilization for revenue generation over the analyzed period. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's operational performance.
Peer comparison
Aug 31, 2024