H B Fuller Company (FUL)
Total asset turnover
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,568,737 | 3,548,332 | 3,531,039 | 3,512,171 | 3,510,935 | 3,566,270 | 3,606,866 | 3,701,885 | 3,749,184 | 3,688,394 | 3,573,994 | 3,408,609 | 3,278,031 | 3,158,247 | 3,022,880 | 2,869,609 | 2,790,269 | 2,751,735 | 2,785,648 | 2,870,629 |
| Total assets | US$ in thousands | 4,933,240 | 4,978,240 | 4,919,110 | 4,681,970 | 4,723,580 | 4,659,910 | 4,618,050 | 4,535,740 | 4,463,630 | 4,571,640 | 4,620,480 | 4,641,440 | 4,274,530 | 4,258,270 | 4,266,930 | 4,113,750 | 4,036,700 | 3,981,720 | 3,979,060 | 4,025,270 |
| Total asset turnover | 0.72 | 0.71 | 0.72 | 0.75 | 0.74 | 0.77 | 0.78 | 0.82 | 0.84 | 0.81 | 0.77 | 0.73 | 0.77 | 0.74 | 0.71 | 0.70 | 0.69 | 0.69 | 0.70 | 0.71 |
November 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,568,737K ÷ $4,933,240K
= 0.72
The total asset turnover of H B Fuller Company has shown fluctuations over the past few years. Starting at 0.71 in February 2020, it decreased slightly to 0.70 in May 2020 and further to 0.69 in August 2020. This trend continued with a turnover ratio of 0.69 in November 2020. However, there was a slight improvement in the ratio to 0.70 in February 2021 and 0.71 in May 2021.
In the subsequent periods, the total asset turnover ratio saw more significant improvements, reaching 0.77 in November 2021 and peaking at 0.84 in December 2022. This indicates a more efficient use of assets to generate sales during these periods. However, the ratio slightly decreased to 0.78 in June 2023 and then to 0.74 in December 2023.
The company experienced a slight recovery in asset turnover to 0.75 in March 2024, but it declined again to 0.72 by June 2024. The ratio remained relatively stable at 0.71 in August 2024 and increased slightly to 0.72 by November 2024.
Overall, the total asset turnover of H B Fuller Company has displayed varying levels of efficiency in utilizing its assets to generate revenue. The company should continue to monitor and improve this ratio to ensure optimal asset utilization and financial performance.
Peer comparison
Nov 30, 2024