Lancaster Colony Corporation (LANC)
Total asset turnover
| Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,871,715 | 1,873,707 | 1,867,196 | 1,858,674 | 1,822,639 | 1,820,249 | 1,758,808 | 1,709,841 | 1,676,360 | 1,609,326 | 1,563,081 | 1,509,669 | 1,466,850 | 1,402,355 | 1,366,451 | 1,346,534 | 1,334,351 | 1,337,167 | 1,333,704 | 1,328,187 |
| Total assets | US$ in thousands | 1,206,930 | 1,172,010 | 1,148,920 | 1,130,300 | 1,112,990 | 1,157,760 | 1,137,170 | 1,131,230 | 1,090,370 | 1,103,620 | 1,120,200 | 1,115,140 | 1,101,280 | 1,068,350 | 1,054,310 | 1,024,370 | 993,353 | 993,052 | 983,703 | 962,341 |
| Total asset turnover | 1.55 | 1.60 | 1.63 | 1.64 | 1.64 | 1.57 | 1.55 | 1.51 | 1.54 | 1.46 | 1.40 | 1.35 | 1.33 | 1.31 | 1.30 | 1.31 | 1.34 | 1.35 | 1.36 | 1.38 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,871,715K ÷ $1,206,930K
= 1.55
The total asset turnover of Lancaster Colony Corporation has shown some fluctuations over the past few quarters, ranging from 1.30 to 1.64. In general, the company's total asset turnover has been relatively stable, with a gradual increase from 1.30 in the first quarter of 2021 to 1.64 in the third quarter of 2023, before slightly declining to 1.55 in the second quarter of 2024.
A total asset turnover ratio above 1 indicates that Lancaster Colony is generating more in sales revenue for each dollar invested in assets. A higher total asset turnover is generally favorable as it suggests that the company is efficiently utilizing its assets to generate sales.
The minor fluctuations in the total asset turnover ratio could be attributed to various factors such as changes in sales volume, pricing strategies, inventory management, or asset utilization efficiency. It is important for Lancaster Colony to continue monitoring and optimizing its asset turnover to ensure efficient resource allocation and sustained revenue generation.
Peer comparison
Jun 30, 2024