Ethan Allen Interiors Inc (ETD)
Total asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 614,649 | 646,221 | 791,382 | 817,762 | 685,169 |
| Total assets | US$ in thousands | 737,099 | 744,917 | 745,453 | 719,895 | 683,245 |
| Total asset turnover | 0.83 | 0.87 | 1.06 | 1.14 | 1.00 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $614,649K ÷ $737,099K
= 0.83
The total asset turnover ratio for Ethan Allen Interiors Inc has exhibited noticeable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the ratio stood at 1.00, indicating that the company generated approximately one dollar in sales for every dollar of total assets. This ratio increased to 1.14 by June 30, 2022, reflecting improved efficiency in utilizing total assets to generate sales. However, by June 30, 2023, the ratio decreased slightly to 1.06, signaling a modest reduction in asset utilization efficiency.
Moving forward, the ratio declined more significantly to 0.87 on June 30, 2024, and further decreased to 0.83 by June 30, 2025. These downward trends suggest that the company's ability to generate sales per unit of total assets has diminished over this period. The decline in the total asset turnover ratio in these later years could be indicative of several factors, including increased asset base not accompanied by proportional sales growth, operational inefficiencies, or strategic shifts impacting asset utilization.
Overall, the pattern demonstrates an initial period of efficiency improvement followed by a consistent decline in asset utilization effectiveness, warranting considerations on operational strategies and asset management approaches.
Peer comparison
Jun 30, 2025