Flex Ltd (FLEX)
Total asset turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 25,813,000 | 25,584,000 | 26,131,000 | 27,057,000 | 28,079,000 | 29,387,000 | 30,040,000 | 30,335,000 | 30,346,000 | 29,720,000 | 28,583,000 | 27,046,000 | 26,041,000 | 25,456,000 | 25,557,000 | 25,313,000 | 24,124,330 | 23,342,820 | 23,084,210 | 23,187,260 |
| Total assets | US$ in thousands | 18,381,000 | 18,272,000 | 18,586,000 | 17,737,000 | 18,257,000 | 20,366,000 | 20,968,000 | 20,936,000 | 21,395,000 | 20,892,000 | 20,623,000 | 20,054,000 | 19,325,000 | 18,175,000 | 16,711,000 | 16,192,000 | 15,836,000 | 15,668,000 | 15,001,000 | 14,133,100 |
| Total asset turnover | 1.40 | 1.40 | 1.41 | 1.53 | 1.54 | 1.44 | 1.43 | 1.45 | 1.42 | 1.42 | 1.39 | 1.35 | 1.35 | 1.40 | 1.53 | 1.56 | 1.52 | 1.49 | 1.54 | 1.64 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $25,813,000K ÷ $18,381,000K
= 1.40
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. For Flex Ltd, the total asset turnover has fluctuated over the years based on the provided data.
From June 30, 2020, to March 31, 2023, the total asset turnover remained relatively stable, ranging between 1.35 and 1.56. This indicates that Flex Ltd was able to generate sales revenue efficiently from its total assets during this period.
However, from March 31, 2023, to March 31, 2025, there was a slight decline in the total asset turnover, dropping to around 1.40. This may suggest that Flex Ltd's ability to generate sales revenue from its total assets has slightly decreased during this time frame.
Overall, the total asset turnover ratio for Flex Ltd suggests that the company has been able to effectively utilize its assets to generate sales revenue, although there has been a slight decrease in efficiency in recent periods. Further analysis of the company's operational efficiency and asset management practices may help in understanding the factors contributing to these fluctuations.
Peer comparison
Mar 31, 2025