Lindsay Corporation (LNN)

Total asset turnover

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Revenue	US$ in thousands	607,074	674,084	770,743	567,646	474,692
Total assets	US$ in thousands	760,232	745,660	710,653	637,185	570,526
Total asset turnover		0.80	0.90	1.08	0.89	0.83

August 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $607,074K ÷ $760,232K
= 0.80

Lindsay Corporation's total asset turnover has fluctuated over the past five years, with the highest value of 1.08 in August 31, 2022, and the lowest value of 0.80 in August 31, 2024. This ratio indicates the company's efficiency in utilizing its assets to generate revenue. A total asset turnover below 1 suggests that the company is not efficiently using its assets to generate sales. Overall, Lindsay Corporation's total asset turnover has shown some variability, and it is important for the company to further analyze the factors influencing this metric to improve efficiency in asset utilization.

Peer comparison

Aug 31, 2024

Company name

Symbol

Total asset turnover

Lindsay Corporation

LNN

0.80