Liquidity Services Inc (LQDT)

Total asset turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	317,498	280,423	258,046	207,151	227,988
Total assets	US$ in thousands	288,970	288,104	255,576	196,634	187,283
Total asset turnover		1.10	0.97	1.01	1.05	1.22

September 30, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $317,498K ÷ $288,970K
= 1.10

Liquidity Services Inc's total asset turnover has experienced fluctuation over the past five years, with a notable decrease in 2022 and a subsequent increase in 2023. The ratio indicates the company's ability to generate revenue in relation to its total assets. A higher total asset turnover ratio typically suggests efficient asset utilization. The recent increase from 0.97 in 2022 to 1.09 in 2023 may signify more effective management of assets to generate sales. However, it's important to consider industry standards and compare the ratio with competitors to gain a more comprehensive understanding of Liquidity Services Inc's asset turnover efficiency.