Lancaster Colony Corporation (LANC)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,871,720 | 1,822,640 | 1,676,360 | 1,466,850 | 1,334,000 |
| Total assets | US$ in thousands | 1,206,930 | 1,112,990 | 1,090,370 | 1,101,280 | 993,353 |
| Total asset turnover | 1.55 | 1.64 | 1.54 | 1.33 | 1.34 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,871,720K ÷ $1,206,930K
= 1.55
Lancaster Colony Corporation's total asset turnover has shown some fluctuation over the past five years. In the most recent fiscal year ending June 30, 2024, the company achieved a total asset turnover of 1.55, indicating that it generated $1.55 in revenue for every $1 of total assets. This represents a slight decrease compared to the previous year (1.64) but remains relatively strong.
Looking at the trend over the past five years, Lancaster Colony Corporation's total asset turnover has generally been stable, hovering around the range of 1.33 to 1.64. This suggests that the company has been efficient in utilizing its assets to generate revenue. A higher total asset turnover ratio is generally favorable as it indicates that the company is generating more sales relative to its asset base.
Overall, Lancaster Colony Corporation's total asset turnover ratio reflects a consistent performance in effectively utilizing its assets to generate revenue, albeit with some minor fluctuations in recent years.
Peer comparison
Jun 30, 2024