Cintas Corporation (CTAS)

Total asset turnover

		May 31, 2025	Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020
Revenue (ttm)	US$ in thousands	10,340,180	10,143,470	9,940,480	9,755,880	9,596,620	9,410,150	9,193,970	8,991,650	8,815,770	8,605,990	8,376,540	8,123,960	7,854,460	7,615,430	7,431,950	7,266,720	7,116,350	6,900,270	6,933,860	7,020,560
Total assets	US$ in thousands	9,825,240	9,611,140	9,366,530	9,068,710	9,481,300	8,978,880	8,813,870	8,719,680	8,546,360	8,466,000	8,427,010	8,261,030	8,147,260	8,168,600	8,017,410	7,857,750	8,236,820	8,347,500	8,454,750	8,043,380
Total asset turnover		1.05	1.06	1.06	1.08	1.01	1.05	1.04	1.03	1.03	1.02	0.99	0.98	0.96	0.93	0.93	0.92	0.86	0.83	0.82	0.87

May 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,340,180K ÷ $9,825,240K
= 1.05

The total asset turnover of Cintas Corporation exhibits a general upward trend over the analyzed period from August 2020 to May 2025. Starting at 0.87 in August 2020, the ratio demonstrates incremental growth, reflecting increased efficiency in utilizing assets to generate sales. By November 2023, the ratio reaches a peak of 1.04, indicating a significant improvement in asset utilization compared to the earlier period.

Throughout the time frame, the ratio shows steady increases with minor fluctuations, notably maintaining above 1.00 from February 2023 onward. This signifies that Cintas has been increasingly generating more sales per dollar of assets on hand. The consistent upward trajectory suggests effective operational management, possibly due to optimized asset deployment, improved revenue-generating strategies, or expansion efforts.

Despite some short-term variations, the overall trend indicates that Cintas has enhanced its asset efficiency over time. The data implies a positive outlook in its capacity to leverage its assets for revenue generation, reflecting operational strength and potentially favorable business conditions within this period.