Lindsay Corporation (LNN)
Total asset turnover
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 674,084 | 770,743 | 567,646 | 474,692 | 444,072 |
| Total assets | US$ in thousands | 745,660 | 710,653 | 637,185 | 570,526 | 500,314 |
| Total asset turnover | 0.90 | 1.08 | 0.89 | 0.83 | 0.89 |
August 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $674,084K ÷ $745,660K
= 0.90
The total asset turnover of Lindsay Corporation has varied over the past five years, indicating changes in its efficiency in generating sales from its total assets. In fiscal year 2022, the company achieved a relatively high total asset turnover of 1.08, which suggests that it generated $1.08 in sales for every $1 of total assets. This could indicate effective asset utilization and sales generation efficiency.
However, in fiscal years 2021 and 2019, the total asset turnover was 0.89, indicating that the company generated $0.89 in sales for every $1 of total assets. This might suggest a lower efficiency in utilizing its assets to generate sales during those years.
Overall, the trend in total asset turnover shows some variability, and further analysis would be needed to understand the factors influencing this metric and its implications for Lindsay Corporation's overall financial performance.
Peer comparison
Aug 31, 2023