Flex Ltd (FLEX)
Total asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 25,813,000 | 26,415,000 | 28,502,000 | 24,633,000 | 24,124,000 |
| Total assets | US$ in thousands | 18,381,000 | 18,257,000 | 21,407,000 | 19,325,000 | 15,836,000 |
| Total asset turnover | 1.40 | 1.45 | 1.33 | 1.27 | 1.52 |
March 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $25,813,000K ÷ $18,381,000K
= 1.40
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For Flex Ltd, there has been a fluctuation in the total asset turnover ratio over the past five years:
- In March 31, 2021, the total asset turnover ratio was 1.52, indicating that the company generated $1.52 in revenue for every dollar of total assets.
- The ratio decreased to 1.27 by March 31, 2022, suggesting a decline in the efficiency of asset utilization.
- There was a slight improvement in the ratio to 1.33 by March 31, 2023, indicating a moderate uptick in asset efficiency.
- By March 31, 2024, the total asset turnover ratio increased to 1.45, reflecting a more efficient use of assets to generate revenue.
- However, by March 31, 2025, the ratio declined slightly to 1.40, indicating a slight decrease in asset efficiency compared to the previous year.
Overall, the trend in Flex Ltd's total asset turnover ratio shows some variability, but the company has generally maintained a moderate level of efficiency in utilizing its assets to generate revenue over the past five years.
Peer comparison
Mar 31, 2025