Donaldson Company Inc (DCI)
Total asset turnover
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,690,900 | 3,645,600 | 3,633,400 | 3,640,100 | 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 | 3,189,700 | 3,101,500 | 2,978,100 | 2,853,800 | 2,698,100 | 2,562,800 | 2,545,700 |
| Total assets | US$ in thousands | 2,977,200 | 2,996,500 | 2,961,300 | 3,043,600 | 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 |
| Total asset turnover | 1.24 | 1.22 | 1.23 | 1.20 | 1.23 | 1.23 | 1.25 | 1.24 | 1.24 | 1.29 | 1.33 | 1.35 | 1.27 | 1.27 | 1.24 | 1.22 | 1.19 | 1.15 | 1.13 | 1.12 |
July 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,690,900K ÷ $2,977,200K
= 1.24
The analysis of Donaldson Company Inc.'s total asset turnover ratio over the specified time period reveals a generally stable but gradually fluctuating pattern. The ratio consistently exceeds 1.0 throughout the durations, indicating the company effectively utilizes its assets to generate sales.
From October 31, 2020, to October 31, 2021, there is a steady incremental increase, rising from 1.12 to 1.22. This suggests improved efficiency in asset utilization during this period, potentially driven by operational improvements or better management of assets. The upward trend continues into early 2022, reaching a peak of 1.35 in October 2022, which could reflect optimal asset deployment or favorable market conditions.
Subsequently, the ratio exhibits slight declines, with values decreasing to 1.33 in January 2023, and further dips to around 1.23 by October 2023. These reductions may signify a slight decline in operational efficiency or an increase in asset base without a proportional increase in sales.
Looking into the projections through April and July 2024, the ratio remains relatively stable around 1.23 to 1.25. The subsequent periods indicate minor fluctuations, with the ratio slightly decreasing to 1.20 in October 2024 and then returning to approximately 1.23 in early 2025.
Overall, Donaldson Company's total asset turnover ratio demonstrates a pattern of improvement through late 2020 into late 2022, followed by a stabilization phase with minor fluctuations. This trend reflects a period of enhanced asset efficiency, with recent figures indicating a steady but modest level of asset utilization efficiency.