Edgewell Personal Care Co (EPC)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,251,600 | 2,171,700 | 2,087,300 | 1,949,700 | 2,141,000 |
| Total assets | US$ in thousands | 3,740,700 | 3,713,100 | 3,674,600 | 3,540,900 | 3,420,900 |
| Total asset turnover | 0.60 | 0.58 | 0.57 | 0.55 | 0.63 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,251,600K ÷ $3,740,700K
= 0.60
The total asset turnover ratio measures how efficiently a company is using its assets to generate revenue. It is calculated by dividing net sales by average total assets.
Looking at the trend of Edgewell Personal Care Co's total asset turnover ratio over the past five years, it shows a slight improvement from 0.63 in 2019 to 0.60 in 2023. This indicates that the company has been able to generate more revenue relative to its assets over the years.
A total asset turnover ratio of 0.60 in 2023 means that for every dollar of assets, Edgewell Personal Care Co generated $0.60 of sales. This suggests that the company is utilizing its assets reasonably efficiently to generate revenue.
In comparison to the previous years, the slight increase in the total asset turnover ratio reflects improved efficiency in asset utilization, which may be indicative of better operational management or a shift in the company's business model. However, it is essential to evaluate this ratio in conjunction with other financial metrics and industry benchmarks to have a comprehensive understanding of Edgewell Personal Care Co's overall performance.
Peer comparison
Sep 30, 2023