Haynes International Inc (HAYN)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 581,578 | 487,791 | 336,228 | 379,029 | 488,561 |
| Total assets | US$ in thousands | 706,281 | 632,295 | 546,455 | 560,724 | 593,800 |
| Total asset turnover | 0.82 | 0.77 | 0.62 | 0.68 | 0.82 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $581,578K ÷ $706,281K
= 0.82
The total asset turnover of Haynes International Inc. has exhibited fluctuations over the past five years. The metric stood at 0.84 in September 2023, representing an increase from the previous year's figure of 0.78. This suggests that the company generated 84 cents in sales for every dollar invested in total assets in 2023. Comparatively, the total asset turnover was lower in 2021 at 0.62 and in 2020 at 0.68, indicating a less efficient utilization of assets to generate sales during those periods. However, the ratio improved to 0.83 in 2019 before experiencing the fluctuations in subsequent years. The trend indicates fluctuations in the company's efficiency in utilizing its assets to generate revenue over the five-year period.
Peer comparison
Sep 30, 2023