Ethan Allen Interiors Inc (ETD)
Total asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 646,141 | 664,729 | 704,624 | 740,509 | 791,146 | 1,224,074 | 1,235,417 | 1,240,349 | 1,208,177 | 766,074 | 745,377 | 716,110 | 684,846 | 598,414 | 571,226 | 566,974 | 589,837 | 682,187 | 710,242 | 732,820 |
| Total assets | US$ in thousands | 744,917 | 742,216 | 722,175 | 739,563 | 745,453 | 741,323 | 713,981 | 721,849 | 719,895 | 714,903 | 689,328 | 678,294 | 683,245 | 687,546 | 636,219 | 622,521 | 622,789 | 703,104 | 621,927 | 653,899 |
| Total asset turnover | 0.87 | 0.90 | 0.98 | 1.00 | 1.06 | 1.65 | 1.73 | 1.72 | 1.68 | 1.07 | 1.08 | 1.06 | 1.00 | 0.87 | 0.90 | 0.91 | 0.95 | 0.97 | 1.14 | 1.12 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $646,141K ÷ $744,917K
= 0.87
The total asset turnover of Ethan Allen Interiors Inc has fluctuated over the past few quarters, ranging from 0.87 to 1.73. The company's ability to generate sales from its total assets has shown some variability, with a peak in the last quarter of 2022 and a subsequent decline in the following quarters. Generally, a higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate revenue. However, it's important to note that a very high ratio may also imply aggressive sales strategies or low asset base, which could be risky in the long term. On the other hand, a lower total asset turnover ratio may indicate underutilization of assets or inefficiencies in sales generation. Ethan Allen Interiors Inc's total asset turnover should be further analyzed in conjunction with other financial ratios and performance indicators to gain a more comprehensive understanding of its operational efficiency and financial health.