Lindsay Corporation (LNN)
Total asset turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 607,074 | 619,207 | 644,561 | 659,283 | 674,084 | 697,149 | 746,855 | 780,751 | 770,744 | 734,196 | 681,873 | 625,313 | 567,646 | 542,403 | 503,573 | 473,784 | 474,692 | 448,172 | 446,120 | 441,514 |
| Total assets | US$ in thousands | 760,232 | 758,101 | 765,280 | 763,918 | 745,660 | 723,618 | 709,080 | 708,296 | 710,653 | 711,916 | 676,584 | 649,445 | 637,185 | 642,217 | 596,648 | 575,202 | 570,526 | 557,486 | 534,330 | 526,811 |
| Total asset turnover | 0.80 | 0.82 | 0.84 | 0.86 | 0.90 | 0.96 | 1.05 | 1.10 | 1.08 | 1.03 | 1.01 | 0.96 | 0.89 | 0.84 | 0.84 | 0.82 | 0.83 | 0.80 | 0.83 | 0.84 |
August 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $607,074K ÷ $760,232K
= 0.80
The total asset turnover for Lindsay Corporation has shown some fluctuation over the past few years. The ratio, which measures how efficiently the company is utilizing its assets to generate revenue, has generally been above 1, indicating effective asset utilization.
From Nov 30, 2019, to Feb 28, 2022, the total asset turnover ranged from 0.80 to 1.10, showing some variability but consistently remaining above 1 for the majority of this period. This suggests that the company was generating more in revenue compared to its total assets during these years.
However, from Feb 28, 2022, to Aug 31, 2024, the total asset turnover has declined steadily from 1.01 to 0.80. This could indicate a decrease in the efficiency of asset utilization or a decline in revenue generated relative to total assets during this period.
Further analysis would be required to understand the factors contributing to this decline and assess the impact on the company's overall financial performance.
Peer comparison
Aug 31, 2024