AZZ Incorporated (AZZ)
Total asset turnover
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,577,740 | 1,537,590 | 1,323,650 | 902,664 | 838,917 |
| Total assets | US$ in thousands | 2,227,100 | 2,195,500 | 2,221,480 | 1,133,030 | 996,442 |
| Total asset turnover | 0.71 | 0.70 | 0.60 | 0.80 | 0.84 |
February 28, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,577,740K ÷ $2,227,100K
= 0.71
AZZ Incorporated's total asset turnover ratio has exhibited a declining trend over the past five years, decreasing from 0.84 in February 2021 to 0.71 in February 2025. This suggests that the company's ability to generate sales revenue relative to its total assets has been reducing. A total asset turnover ratio below 1 indicates that the company is not efficiently utilizing its assets to generate revenue. It is important for AZZ Incorporated to further analyze the factors contributing to this decline and implement strategies to improve asset utilization and overall operational efficiency.
Peer comparison
Feb 28, 2025