Hawkins Inc (HWKN)
Total asset turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 919,162 | 924,287 | 935,009 | 939,675 | 935,098 | 929,926 | 897,758 | 839,843 | 774,541 | 714,539 | 670,416 | 634,940 | 596,871 | 566,313 | 543,792 | 536,034 | 540,198 | 540,836 | 548,581 | 553,862 |
| Total assets | US$ in thousands | 657,934 | 644,047 | 575,297 | 591,963 | 590,535 | 594,004 | 599,283 | 596,404 | 567,328 | 521,144 | 477,804 | 475,015 | 472,550 | 446,005 | 423,080 | 399,462 | 389,328 | 386,579 | 393,042 | 398,957 |
| Total asset turnover | 1.40 | 1.44 | 1.63 | 1.59 | 1.58 | 1.57 | 1.50 | 1.41 | 1.37 | 1.37 | 1.40 | 1.34 | 1.26 | 1.27 | 1.29 | 1.34 | 1.39 | 1.40 | 1.40 | 1.39 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $919,162K ÷ $657,934K
= 1.40
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It indicates how efficiently a company is using its assets to generate sales.
The total asset turnover for Hawkins Inc has shown some fluctuations over the past several quarters. The ratio ranged from a low of 1.26 to a high of 1.63 during this period. Generally, a higher total asset turnover suggests that a company is more efficient in generating sales revenue from its assets.
The trend for Hawkins Inc's total asset turnover shows some variability, with fluctuations in the ratio across quarters. However, in recent quarters, the total asset turnover has generally been above 1.30, indicating a relatively efficient use of assets to generate sales.
It is important for Hawkins Inc to monitor its total asset turnover ratio consistently and strive to maintain or improve it over time to ensure efficient asset utilization and sustainable revenue generation.
Peer comparison
Mar 31, 2024