Donaldson Company Inc (DCI)
Total asset turnover
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,586,300 | 3,530,400 | 3,478,200 | 3,429,800 | 3,430,800 | 3,441,300 | 3,418,800 | 3,393,000 | 3,306,600 | 3,183,700 | 3,092,300 | 2,965,600 | 2,837,800 | 2,688,100 | 2,551,600 | 2,533,300 | 2,568,200 | 2,677,700 | 2,765,200 | 2,811,400 |
| Total assets | US$ in thousands | 2,914,300 | 2,866,100 | 2,783,500 | 2,768,600 | 2,770,500 | 2,675,500 | 2,578,600 | 2,512,000 | 2,600,300 | 2,519,200 | 2,491,300 | 2,438,500 | 2,400,200 | 2,354,600 | 2,271,100 | 2,269,400 | 2,244,600 | 2,338,500 | 2,262,200 | 2,283,300 |
| Total asset turnover | 1.23 | 1.23 | 1.25 | 1.24 | 1.24 | 1.29 | 1.33 | 1.35 | 1.27 | 1.26 | 1.24 | 1.22 | 1.18 | 1.14 | 1.12 | 1.12 | 1.14 | 1.15 | 1.22 | 1.23 |
July 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,586,300K ÷ $2,914,300K
= 1.23
The total asset turnover of Donaldson Company Inc has been relatively stable over the past years, ranging from 1.12 to 1.35. This ratio indicates how efficiently the company is using its assets to generate revenue. A higher total asset turnover implies that the company is generating more revenue per dollar of assets.
Based on the trend observed, there was a slight decrease in total asset turnover from January 2021 to January 2022 followed by a gradual increase until January 2023. The ratio then peaked at 1.35 in January 2023 before gradually decreasing to 1.23 in July 2024.
Overall, the company has been effectively utilizing its assets to generate revenue, with a stable total asset turnover ratio over the past few years. Further analysis would be necessary to determine the factors contributing to these fluctuations and to assess the company's overall performance and efficiency in asset utilization.