Leslies Inc (LESL)
Total asset turnover
| 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 | 1,378,163 | 1,403,018 | 1,453,814 | 1,527,384 | 1,535,663 | 1,531,880 | 1,467,427 | 1,389,785 | 1,351,089 | 1,299,337 | |||
| Total assets | US$ in thousands | 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 | 1.38 | 1.36 | 1.28 | 1.31 | 1.43 | 1.38 | 1.31 | 1.49 | 1.67 | 1.25 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,378,163K ÷ $998,520K
= 1.38
Leslies Inc's total asset turnover has fluctuated over the past few quarters, ranging from a low of 1.25 to a high of 1.67. A higher total asset turnover ratio indicates that the company is generating more revenue for each dollar of assets it owns. The decreasing trend from 1.67 in December 2021 to 1.28 in June 2023 suggests that the company may be experiencing challenges in efficiently utilizing its assets to generate sales.
However, it is worth noting that the total asset turnover ratio improved in the most recent quarter, reaching 1.31 in March 2023, compared to the lower ratios seen in the previous two quarters. This uptick may indicate that Leslies Inc has made efforts to enhance its asset utilization efficiency.
Overall, further analysis is needed to understand the specific factors contributing to the fluctuations in Leslies Inc's total asset turnover and to assess the company's overall operational efficiency and effectiveness in utilizing its assets to drive revenue.
Peer comparison
Dec 31, 2023