Coty Inc (COTY)

Total asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	6,119,900	5,281,400	5,118,600	4,115,500	4,449,400
Total assets	US$ in thousands	12,082,500	12,661,600	12,116,100	13,691,400	16,728,800
Total asset turnover		0.51	0.42	0.42	0.30	0.27

June 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $6,119,900K ÷ $12,082,500K
= 0.51

The total asset turnover ratio of Coty Inc has shown an improving trend over the past five years, indicating the company's effectiveness in generating sales revenue relative to its total assets. In particular, the ratio increased from 0.27 in June 2020 to 0.51 in June 2024, reflecting a significant improvement in asset utilization efficiency. This suggests that Coty has been able to utilize its assets more efficiently to generate sales, potentially leading to increased profitability and overall financial performance. It is important to note that the total asset turnover ratio may vary across industries, but for Coty Inc, the increasing trend is a positive sign of operational efficiency and effective asset management.