Hawkins Inc (HWKN)
Total asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 974,431 | 919,162 | 935,098 | 774,541 | 596,871 |
| Total assets | US$ in thousands | 769,867 | 657,934 | 590,535 | 567,328 | 472,550 |
| Total asset turnover | 1.27 | 1.40 | 1.58 | 1.37 | 1.26 |
March 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $974,431K ÷ $769,867K
= 1.27
Based on the data provided, Hawkins Inc's total asset turnover has shown fluctuations over the past five years. The total asset turnover ratio measures how efficiently the company is utilizing its assets to generate revenue.
In March 2021, the total asset turnover ratio was 1.26, indicating that for every dollar of assets, the company generated $1.26 of revenue. This ratio increased to 1.37 by March 2022, suggesting an improvement in asset utilization efficiency.
The ratio further increased to 1.58 by March 2023, reaching its peak over the period analyzed. This implies that the company was able to generate $1.58 in revenue for every dollar of assets owned during that period.
However, in March 2024, the total asset turnover ratio declined to 1.40, indicating a potential decrease in asset efficiency compared to the previous year. This could be a signal for the company to reevaluate its asset management strategies.
By March 2025, the total asset turnover ratio decreased further to 1.27, showing a continued decline in asset efficiency. It may be advisable for Hawkins Inc to assess its asset utilization practices and identify areas for improvement to enhance revenue generation from its assets in the future.
Peer comparison
Mar 31, 2025