Coty Inc (COTY)

Total asset turnover

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	6,129,300	5,842,100	5,747,100	5,543,100	5,305,100	5,172,900	5,066,800	5,119,200	5,116,200	4,950,500	4,805,300	4,646,500	4,372,000	3,431,200	3,904,600	4,821,500	5,727,000	7,738,400	8,200,500	8,367,100
Total assets	US$ in thousands	12,082,500	12,322,200	13,015,700	12,616,900	12,661,600	12,705,500	12,454,600	11,947,900	12,116,100	13,269,100	13,434,000	14,038,400	13,691,400	13,622,300	14,159,800	17,780,100	16,728,800	18,310,000	17,360,900	17,283,500
Total asset turnover		0.51	0.47	0.44	0.44	0.42	0.41	0.41	0.43	0.42	0.37	0.36	0.33	0.32	0.25	0.28	0.27	0.34	0.42	0.47	0.48

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,129,300K ÷ $12,082,500K
= 0.51

The total asset turnover ratio for Coty Inc has shown some fluctuations over the past few quarters. It measures the efficiency with which the company is utilizing its assets to generate revenue. A higher ratio indicates that the company is generating more sales relative to its total assets.

In the most recent quarter, ending June 30, 2024, the total asset turnover ratio was 0.51, which indicates that for every dollar of assets Coty Inc had, it generated $0.51 in sales. This represents an improvement from the previous quarter, where the ratio was 0.47.

Looking at the trend over the last two years, the total asset turnover ratio has ranged from 0.25 to 0.51. There was a noticeable increase in the ratio from the end of 2020 to the middle of 2022, suggesting improved asset utilization efficiency. However, the ratio declined slightly in the later quarters of 2022 and early 2023 before showing signs of recovery.

It is important for Coty Inc to monitor and potentially improve its total asset turnover ratio over time to ensure optimal utilization of resources and to maximize its sales generated per dollar of assets employed.