Leslies Inc (LESL)
Total asset turnover
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,294,897 | 1,312,252 | 1,335,830 | 1,360,916 | 1,385,771 | 1,436,567 | 1,510,137 | 1,535,663 | 1,531,880 | 1,467,427 | 1,389,785 | 1,351,089 | 1,299,337 | |||
| Total assets | US$ in thousands | 1,050,320 | 1,105,190 | 1,095,250 | 998,520 | 1,034,440 | 1,137,420 | 1,163,230 | 1,076,780 | 1,109,630 | 1,116,990 | 930,195 | 811,265 | 1,042,230 | 996,112 | 857,315 | 745,840 |
| Total asset turnover | 1.23 | 1.19 | 1.22 | 1.36 | 1.34 | 1.26 | 1.30 | 1.43 | 1.38 | 1.31 | 1.49 | 1.67 | 1.25 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,294,897K ÷ $1,050,320K
= 1.23
Leslies Inc's total asset turnover ratio has shown some fluctuations over the past five years, ranging from a low of 1.19 to a high of 1.67. The total asset turnover ratio measures how efficiently the company is using its assets to generate sales revenue. A higher ratio indicates that the company is generating more sales relative to its total assets.
In the most recent period, as of September 30, 2024, the total asset turnover ratio was 1.23, which suggests that for every dollar of assets, the company generated $1.23 of sales revenue. This ratio was higher than in the previous quarter but slightly lower compared to the same period a year ago.
Overall, Leslies Inc's total asset turnover ratio has shown a general upward trend in recent years, indicating that the company has been utilizing its assets more efficiently to drive sales. However, it is important to continue monitoring this ratio to ensure that the company is maintaining or improving its asset utilization efficiency over time.
Peer comparison
Sep 30, 2024