CACI International Inc (CACI)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,660,200 | 6,619,030 | 6,160,670 | 6,004,680 | 5,665,180 |
| Total assets | US$ in thousands | 6,796,100 | 6,600,810 | 6,629,430 | 6,172,370 | 5,542,470 |
| Total asset turnover | 1.13 | 1.00 | 0.93 | 0.97 | 1.02 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,660,200K ÷ $6,796,100K
= 1.13
The total asset turnover of CACI International Inc has exhibited fluctuations over the past five years. The ratio stood at 1.13 as of June 30, 2024, indicating that the company generated $1.13 in revenue for every dollar of assets during that period. This represents an improvement compared to the previous year, where the ratio was 1.00.
In general, a higher total asset turnover indicates that the company is more efficient in generating sales from its assets. The trend for CACI International Inc suggests an overall positive performance in utilizing its assets to generate revenue, as the ratio has generally been above 1.0 over the past five years. This signifies that the company has been effective in managing its assets to drive sales, with the highest peak in asset turnover observed in 2024.
However, the slight fluctuations in the ratio over the years may suggest variations in the company's asset management efficiency or changes in its business operations. It would be beneficial for stakeholders to conduct further analysis to understand the factors driving these changes and assess the company's overall asset utilization strategy.
Peer comparison
Jun 30, 2024