Flex Ltd (FLEX)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 26,184,000 | 30,152,000 | 25,920,000 | 23,995,000 | 24,212,300 |
| Total assets | US$ in thousands | 18,257,000 | 21,407,000 | 19,325,000 | 15,836,000 | 13,690,000 |
| Total asset turnover | 1.43 | 1.41 | 1.34 | 1.52 | 1.77 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $26,184,000K ÷ $18,257,000K
= 1.43
Flex Ltd's total asset turnover has fluctuated over the past five years, ranging from a high of 1.77 in 2020 to a low of 1.34 in 2022. The company's ability to generate sales relative to its total assets has varied year over year, with a slight increase in 2024 compared to 2023. A higher total asset turnover ratio indicates that Flex Ltd is more efficient in utilizing its assets to generate revenue. Conversely, a lower ratio may suggest underutilization or inefficiencies in asset management. It is important to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and asset utilization strategies.
Peer comparison
Mar 31, 2024