Cintas Corporation (CTAS)
Total asset turnover
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,340,200 | 9,596,620 | 8,815,770 | 7,854,460 | 7,116,340 |
| Total assets | US$ in thousands | 9,825,240 | 9,168,820 | 8,546,360 | 8,147,260 | 8,236,820 |
| Total asset turnover | 1.05 | 1.05 | 1.03 | 0.96 | 0.86 |
May 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,340,200K ÷ $9,825,240K
= 1.05
The analysis of Cintas Corporation's total asset turnover ratio over the specified period indicates a consistent upward trend from May 31, 2021, through May 31, 2024. Specifically, the ratio increased from 0.86 in 2021 to 0.96 in 2022, reflecting an improvement in the company's efficiency in utilizing its total assets to generate sales. This upward progression continued in 2023, reaching 1.03, and further increased slightly to 1.05 by May 31, 2024, suggesting an ongoing enhancement in asset utilization efficiency. The absence of data for May 31, 2025, precludes further analysis for that period. Overall, the pattern implies that Cintas has been progressively refining its asset management and operational effectiveness, resulting in better sales generation relative to its asset base over this three-year span.
Peer comparison
May 31, 2025