GMS Inc (GMS)
Total asset turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,513,740 | 5,501,910 | 5,329,250 | 4,634,880 | 3,298,820 |
| Total assets | US$ in thousands | 3,831,270 | 3,759,840 | 3,267,010 | 3,104,400 | 2,483,900 |
| Total asset turnover | 1.44 | 1.46 | 1.63 | 1.49 | 1.33 |
April 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,513,740K ÷ $3,831,270K
= 1.44
The total asset turnover ratio for GMS Inc exhibits a generally upward trend over the period from April 2021 to April 2023, indicating an improvement in the company's efficiency in utilizing its assets to generate sales. Specifically, the ratio increased from 1.33 in April 2021 to 1.49 in April 2022, reflecting a gain in asset productivity. This upward movement continues into April 2023, reaching 1.63, which suggests a notable enhancement in asset utilization efficiency during this time frame.
However, the ratio experiences a decline after April 2023, falling to 1.46 by April 2024 and marginally decreasing further to 1.44 by April 2025. This downward trend post-2023 indicates a potential moderation in asset efficiency or a possible expansion of assets exceeding sales growth, which could be due to strategic investments, increased asset base, or operational changes.
Overall, the ratio's trajectory from 2021 through 2025 reflects periods of notable improvement followed by a slight decrease. The initial increase up to April 2023 suggests effective management and asset utilization during that period, while the subsequent decline warrants closer monitoring to understand underlying operational factors impacting asset efficiency.
Peer comparison
Apr 30, 2025