Leslies Inc (LESL)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 1,385,770 | 1,531,880 | 1,299,340 |
| Total assets | US$ in thousands | 1,034,440 | 1,109,630 | 1,042,230 |
| Total asset turnover | 1.34 | 1.38 | 1.25 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,385,770K ÷ $1,034,440K
= 1.34
Leslies Inc's total asset turnover has fluctuated over the past three years. In 2023, the total asset turnover was 1.34, indicating that the company generated $1.34 in sales for every $1 of total assets. Compared to the previous year, the total asset turnover decreased slightly from 1.38 in 2022. Despite the minor decline, the company's ability to generate revenue from its total assets remains relatively strong.
In 2021, Leslies Inc had a total asset turnover of 1.25, which was lower compared to 2022 and 2023. This suggests that the company was less efficient at utilizing its assets to generate sales during that period. Overall, a total asset turnover above 1.0 indicates that the company is effectively utilizing its assets to generate revenue.
It is important for Leslies Inc to monitor its total asset turnover regularly to ensure optimal asset utilization and identify any potential inefficiencies in the business operations.
Peer comparison
Sep 30, 2023