Mesa Laboratories Inc (MLAB)
Total asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | — | 216,187 | 219,080 | 184,335 | 133,937 |
| Total assets | US$ in thousands | — | 446,796 | 661,832 | 707,369 | 600,151 |
| Total asset turnover | — | 0.48 | 0.33 | 0.26 | 0.22 |
March 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $—K ÷ $—K
= —
Total asset turnover is a key financial ratio that measures a company's efficiency in generating revenue from its total assets. In the case of Mesa Laboratories Inc, we observe an increasing trend in the total asset turnover ratio from 0.22 in March 31, 2021, to 0.48 in March 31, 2024. This indicates that the company has been more successful in generating sales relative to its total assets over the years, reflecting improved asset utilization and efficiency.
However, there is missing data for March 31, 2025, which complicates a thorough analysis of the trend. It is important to obtain the actual figures for this year to understand if the positive trend continues or if there are any deviations. Overall, the increasing total asset turnover ratio suggests that Mesa Laboratories Inc has been effectively leveraging its assets to drive revenue growth and maximize operational performance.
Peer comparison
Mar 31, 2025