Matthews International Corporation (MATW)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,795,740 | 1,880,900 | 1,762,400 | 1,671,030 | 1,498,310 |
| Total assets | US$ in thousands | 1,834,890 | 1,887,380 | 1,882,770 | 2,032,080 | 2,072,630 |
| Total asset turnover | 0.98 | 1.00 | 0.94 | 0.82 | 0.72 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,795,740K ÷ $1,834,890K
= 0.98
The total asset turnover of Matthews International Corporation has fluctuated over the past five years. In general, total asset turnover measures the efficiency with which the company utilizes its assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets, implying better asset utilization.
In this case, we observe that the total asset turnover for Matthews International Corporation was 0.98 in 2024, 1.00 in 2023, 0.94 in 2022, 0.82 in 2021, and 0.72 in 2020. The company's total asset turnover has generally improved from 2020 to 2023, indicating better efficiency in generating revenue from its assets during these years. However, there was a slight decrease in 2024.
Overall, Matthews International Corporation's total asset turnover has shown variability over the years, which may suggest changes in the company's asset utilization efficiency. Further analysis and comparison with industry peers would be beneficial to gain a complete understanding of the company's asset management performance.