Estee Lauder Companies Inc (EL)

Total asset turnover

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Revenue (ttm)	US$ in thousands	14,326,000	14,786,000	15,176,000	15,451,000	15,608,000	15,346,000	15,157,000	15,498,000	15,910,000	15,862,000	16,356,000	17,275,000	17,737,000	18,112,000	17,731,000	17,045,000	16,215,000	14,709,000	14,190,000	13,961,000
Total assets	US$ in thousands	19,892,000	19,886,000	19,760,000	21,317,000	21,677,000	22,700,000	23,283,000	22,650,000	23,415,000	22,715,000	20,731,000	19,989,000	20,910,000	21,359,000	22,078,000	21,580,000	21,971,000	19,900,000	19,595,000	17,903,000
Total asset turnover		0.72	0.74	0.77	0.72	0.72	0.68	0.65	0.68	0.68	0.70	0.79	0.86	0.85	0.85	0.80	0.79	0.74	0.74	0.72	0.78

June 30, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,326,000K ÷ $19,892,000K
= 0.72

The total asset turnover ratio for Estee Lauder Companies Inc. exhibits fluctuations over the analyzed period from September 2020 through June 2025. Initially, the ratio commenced at 0.78 in September 2020, experiencing a decline to 0.72 by December 2020. It then demonstrated a modest recovery, reaching 0.74 in March and June 2021, before increasing to 0.79 in September 2021 and further to 0.80 in December 2021. The upward trajectory persisted into early 2022, attaining 0.85 in March and June, and reaching a peak of 0.86 in September 2022.

Following this peak, the ratio declined slightly, reaching 0.79 in December 2022 and continuing a downward trend through March 2023 with a value of 0.70. It further decreased to 0.68 in June and September 2023. The ratio showed a gradual recovery afterward, rising to 0.65 in December 2023, then increasing to 0.68 in March 2024, 0.72 in June and September 2024, and ultimately reaching 0.77 in December 2024. The latest figures indicate a slight decline again, settling at 0.74 in March 2025 and 0.72 in June 2025.

Overall, the data suggest periods of increased operational efficiency, as reflected in higher asset turnover ratios during late 2021 and 2022, indicative of more aggressive utilization of assets to generate sales. Conversely, the decline observed from late 2022 onward may point to reduced asset efficiency, possibly attributable to shifts in sales volume, investment levels, or changes in operational strategies. The pattern of fluctuations aligns with overarching market conditions and company-specific events, illustrating a dynamic balance between asset utilization and sales performance over the analyzed timeframe.