GMS Inc (GMS)
Total asset turnover
| 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 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,503,050 | 5,394,120 | 5,370,190 | 5,380,100 | 5,329,640 | 5,314,190 | 5,233,030 | 4,952,480 | 4,634,950 | 4,278,503 | 3,876,060 | 3,538,350 | 3,298,880 | 3,137,527 | 3,147,690 | 3,196,755 | 3,241,333 | 3,250,632 | 3,213,184 | 3,185,086 |
| Total assets | US$ in thousands | 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 | 2,324,450 | 2,245,280 | 2,281,350 | 2,274,390 |
| Total asset turnover | 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 | 1.39 | 1.45 | 1.41 | 1.40 |
April 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,503,050K ÷ $3,759,840K
= 1.46
The total asset turnover ratio for GMS Inc has fluctuated over the past several quarters, ranging from a low of 1.33 in July 2021 to a high of 1.65 in January 2024. Overall, the trend appears relatively stable with minor fluctuations between 1.33 and 1.65.
A total asset turnover ratio above 1 indicates that the company is effectively utilizing its assets to generate sales revenue. The declining trend seen in the most recent quarters may suggest a decrease in the efficiency of asset utilization in generating revenue. Further analysis is required to understand the factors contributing to these fluctuations and to assess the company's overall performance in terms of asset turnover.
Peer comparison
Apr 30, 2024