Carpenter Technology Corporation (CRS)

Total asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	2,877,100	2,759,700	2,550,300	1,836,300	1,475,600
Total assets	US$ in thousands	3,486,800	3,291,700	3,053,900	2,932,300	2,971,200
Total asset turnover		0.83	0.84	0.84	0.63	0.50

June 30, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,877,100K ÷ $3,486,800K
= 0.83

The total asset turnover ratio for Carpenter Technology Corporation has exhibited a steady upward trend over the specified period, reflecting improvements in the company's efficiency in utilizing its assets to generate sales. As of June 30, 2021, the ratio stood at 0.50, indicating that for every dollar of assets, approximately half a dollar of sales was generated. By June 30, 2022, this ratio increased to 0.63, demonstrating a notable enhancement in asset utilization. The upward trajectory continued, with the ratio reaching 0.84 by June 30, 2023, and maintaining this level through June 30, 2024, indicating sustained operational efficiency. Slightly decreasing to 0.83 by June 30, 2025, the ratio remains significantly higher than the 2021 figure, suggesting that the company has become substantially more effective at converting its assets into sales over this period. This consistent increase in the total asset turnover ratio suggests that Carpenter Technology Corporation has improved its operational processes, optimized its asset management, and enhanced overall sales generation efficiency.