Mercury Systems Inc (MRCY)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 835,275 | 973,882 | 988,197 | 923,996 | 796,610 |
| Total assets | US$ in thousands | 2,378,900 | 2,391,370 | 2,304,420 | 1,955,140 | 1,610,720 |
| Total asset turnover | 0.35 | 0.41 | 0.43 | 0.47 | 0.49 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $835,275K ÷ $2,378,900K
= 0.35
The total asset turnover of Mercury Systems Inc has been showing a declining trend over the past five years, decreasing from 0.49 in 2020 to 0.35 in 2024. This indicates that the company is generating less revenue per dollar of total assets compared to previous years. A lower total asset turnover ratio could suggest inefficiencies in asset utilization or declining sales relative to the size of its asset base. It is important for the company to address this trend and assess its operating efficiency to improve its overall performance and profitability.
Peer comparison
Jun 30, 2024
Company name
Symbol
Total asset turnover
Mercury Systems Inc
MRCY
0.35
Hubbell Inc
HUBB
0.77
Universal Display
OLED
0.35
Vishay Intertechnology Inc
VSH
0.80