GMS Inc (GMS)
Total asset turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,513,750 | 5,592,980 | 5,590,620 | 5,540,770 | 5,501,910 | 5,392,980 | 5,369,250 | 5,379,300 | 5,329,250 | 5,313,800 | 5,232,780 | 4,952,350 | 4,634,880 | 4,278,433 | 3,876,024 | 3,538,330 | 3,298,823 | 3,137,470 | 3,147,631 | 3,196,704 |
| Total assets | US$ in thousands | 3,831,270 | 3,793,040 | 4,023,010 | 3,893,300 | 3,759,840 | 3,271,550 | 3,314,400 | 3,300,400 | 3,267,010 | 3,233,460 | 3,245,940 | 3,212,420 | 3,104,400 | 3,086,180 | 2,824,980 | 2,664,080 | 2,483,900 | 2,251,760 | 2,210,870 | 2,225,830 |
| Total asset turnover | 1.44 | 1.47 | 1.39 | 1.42 | 1.46 | 1.65 | 1.62 | 1.63 | 1.63 | 1.64 | 1.61 | 1.54 | 1.49 | 1.39 | 1.37 | 1.33 | 1.33 | 1.39 | 1.42 | 1.44 |
April 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,513,750K ÷ $3,831,270K
= 1.44
The total asset turnover ratio of GMS Inc exhibits a general trend of gradual fluctuation over the observed period from July 2020 to October 2025. Initially, the ratio stood at 1.44 in July 2020 and experienced a slight decline, reaching a low of 1.33 by April 2021. Throughout the following periods, the ratio demonstrated a modest upward trajectory, reaching a peak of approximately 1.65 in January 2024.
This upward movement suggests an improvement in the company's efficiency in utilizing its total assets to generate sales, with higher asset turnover ratios indicating more effective asset utilization. Specifically, from mid-2021 onwards, the ratio increased consistently, reflecting streamlined operations or enhanced sales efficiency relative to assets employed.
Subsequently, a decline is observed between April 2024 and October 2024, where the ratio decreased from around 1.46 to 1.39. Thereafter, the ratio experienced marginal increases and decreases, with the latest data point in October 2025 at 1.47.
Overall, the trend reflects periods of operational improvement, with the total asset turnover reaching higher levels in the recent periods compared to the initial values in 2020. The fluctuation indicates dynamic operational performance, possibly influenced by changes in sales volume, asset base adjustments, or strategic initiatives.
Peer comparison
Apr 30, 2025