GMS Inc (GMS)
Total asset turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,503,660 | 5,330,540 | 4,635,040 | 3,298,910 | 3,241,400 |
| Total assets | US$ in thousands | 3,759,840 | 3,267,010 | 3,104,400 | 2,483,900 | 2,324,450 |
| Total asset turnover | 1.46 | 1.63 | 1.49 | 1.33 | 1.39 |
April 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,503,660K ÷ $3,759,840K
= 1.46
The total asset turnover of GMS Inc has shown some fluctuations over the past five years. The ratio indicates how efficiently the company is generating sales revenue from its total assets. A higher total asset turnover generally reflects better asset utilization and efficiency in generating sales.
In 2024, the total asset turnover decreased to 1.46 from 1.63 in 2023, suggesting a decrease in the company's ability to generate sales from its total assets. This may indicate a decrease in asset efficiency or a decline in sales relative to the level of assets held.
Comparing 2024 to 2022, we see an increase in total asset turnover from 1.49 to 1.46, indicating an improvement in asset efficiency and better utilization of assets to generate sales revenue during the period.
In 2021 and 2020, the total asset turnover was 1.33 and 1.39, respectively. The increase in 2024 from these years reflects an improvement in the company's efficiency in utilizing assets to generate revenue.
Overall, the trend in total asset turnover for GMS Inc has been somewhat inconsistent, showing both increases and decreases over the past five years. Further analysis of the company's operations and financial performance is recommended to better understand the factors influencing these fluctuations.
Peer comparison
Apr 30, 2024