Hawkins Inc (HWKN)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 919,162 | 935,098 | 774,541 | 596,871 | 540,198 |
| Total assets | US$ in thousands | 657,934 | 590,535 | 567,328 | 472,550 | 389,328 |
| Total asset turnover | 1.40 | 1.58 | 1.37 | 1.26 | 1.39 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $919,162K ÷ $657,934K
= 1.40
The total asset turnover of Hawkins Inc has shown some fluctuations over the past five years. The ratio peaked at 1.58 in March 2023, indicating that the company generated $1.58 in sales for every dollar of assets it had during that period. However, in the following years, the ratio decreased to 1.37 in March 2022 and further to 1.26 in March 2021, suggesting a potential decline in the efficiency of asset utilization.
Despite these decreases, the ratio improved to 1.40 in March 2024, indicating that the company was able to generate more sales relative to its total assets compared to the previous year. Overall, the trend in total asset turnover for Hawkins Inc suggests some variability in how efficiently the company is utilizing its assets to generate revenue. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's operational performance and financial health.
Peer comparison
Mar 31, 2024