H B Fuller Company (FUL)
Total asset turnover
| Nov 30, 2024 | Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,568,740 | 3,510,930 | 3,749,180 | 3,278,030 | 2,790,270 |
| Total assets | US$ in thousands | 4,933,240 | 4,723,580 | 4,463,630 | 4,274,530 | 4,036,700 |
| Total asset turnover | 0.72 | 0.74 | 0.84 | 0.77 | 0.69 |
November 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,568,740K ÷ $4,933,240K
= 0.72
The total asset turnover of H B Fuller Company has shown some fluctuations over the past five years. In November 2020, the total asset turnover was 0.69, indicating that the company generated $0.69 in sales for every $1 of assets. Over the next few years, there was an improvement in the total asset turnover, reaching 0.84 in December 2022, which suggests an increase in efficiency in generating sales relative to total assets. However, the ratio dropped to 0.74 in December 2023 and further to 0.72 in November 2024, indicating a decline in the company's ability to utilize its assets to generate revenue efficiently compared to the previous year. Overall, while there have been fluctuations, the company has generally been able to optimize its asset utilization for generating sales, although there is room for improvement in certain periods.
Peer comparison
Nov 30, 2024