Capri Holdings Ltd (CPRI)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,134,000 | 5,594,000 | 5,664,000 | 4,043,000 | 5,528,000 |
| Total assets | US$ in thousands | 6,689,000 | 7,295,000 | 7,480,000 | 7,481,000 | 7,946,000 |
| Total asset turnover | 0.77 | 0.77 | 0.76 | 0.54 | 0.70 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,134,000K ÷ $6,689,000K
= 0.77
The total asset turnover ratio measures how efficiently a company generates sales from its total assets. Capri Holdings Ltd's total asset turnover has been relatively stable over the past five years, ranging from 0.54 to 0.77. This indicates that the company is able to generate sales using its total assets efficiently. A higher total asset turnover ratio is generally preferred as it signifies that the company is effectively utilizing its assets to generate revenue. However, it is essential to consider industry norms and compare the ratio with competitors to gain a better understanding of Capri Holdings Ltd's asset utilization efficiency.
Peer comparison
Mar 31, 2024