CSW Industrials Inc (CSWI)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 795,517 | 757,800 | 626,520 | 419,228 | 386,704 |
| Total assets | US$ in thousands | 1,043,330 | 1,043,450 | 995,360 | 879,522 | 374,059 |
| Total asset turnover | 0.76 | 0.73 | 0.63 | 0.48 | 1.03 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $795,517K ÷ $1,043,330K
= 0.76
Total asset turnover for CSW Industrials Inc has fluctuated over the past five years. The ratio has generally been increasing from 0.48 in March 31, 2021 to 0.76 in March 31, 2024.
A total asset turnover ratio of less than 1 suggests that the company generates less revenue relative to its total assets, indicating that its assets are not being efficiently utilized to generate sales.
The increase in the total asset turnover ratio over the years indicates an improvement in the company's efficiency in utilizing its assets to generate revenue. However, it is essential to further analyze the company's operations and industry benchmarks to gain a more comprehensive understanding of its asset utilization efficiency.
Peer comparison
Mar 31, 2024