Leslies Inc (LESL)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,330,120 | 1,385,770 | 1,531,880 | 1,299,340 |
| Total assets | US$ in thousands | 1,050,320 | 1,034,440 | 1,109,630 | 1,042,230 |
| Total asset turnover | 1.27 | 1.34 | 1.38 | 1.25 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,330,120K ÷ $1,050,320K
= 1.27
The total asset turnover ratio of Leslies Inc has shown a decreasing trend over the past four years. The ratio decreased from 1.25 in 2021 to 1.27 in 2024. This indicates that the company's ability to generate sales from its total assets has slightly declined over the period.
A total asset turnover ratio of 1.27 in 2024 implies that for every dollar of total assets invested in the business, Leslies Inc generated $1.27 in sales. While the ratio has decreased, it still indicates that the company is utilizing its total assets effectively to generate revenue.
It is essential for Leslies Inc to closely monitor and analyze the factors contributing to this trend to identify opportunities for improvement in operational efficiency and asset utilization. This could involve assessing inventory management, sales strategies, and overall asset utilization to enhance the company's performance in the future.
Peer comparison
Sep 30, 2024