Mercury Systems Inc (MRCY)
Total asset turnover
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 835,275 | 839,948 | 895,169 | 927,294 | 973,882 | 1,010,375 | 999,971 | 990,763 | 988,197 | 949,310 | 953,092 | 943,388 | 923,996 | 890,531 | 841,690 | 824,927 | 796,610 | 756,196 | 722,816 | 687,992 |
| Total assets | US$ in thousands | 2,378,900 | 2,378,180 | 2,436,250 | 2,400,760 | 2,391,370 | 2,383,870 | 2,347,950 | 2,349,040 | 2,304,420 | 2,259,840 | 2,230,770 | 1,965,090 | 1,955,140 | 1,903,320 | 1,949,170 | 1,653,180 | 1,610,720 | 1,771,640 | 1,512,620 | 1,473,850 |
| Total asset turnover | 0.35 | 0.35 | 0.37 | 0.39 | 0.41 | 0.42 | 0.43 | 0.42 | 0.43 | 0.42 | 0.43 | 0.48 | 0.47 | 0.47 | 0.43 | 0.50 | 0.49 | 0.43 | 0.48 | 0.47 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $835,275K ÷ $2,378,900K
= 0.35
The total asset turnover of Mercury Systems Inc has been relatively stable over the past few years, ranging from 0.35 to 0.50. A total asset turnover ratio of less than 1 indicates that the company is generating less in sales than the value of its total assets.
The decreasing trend in total asset turnover from 0.50 in September 2020 to 0.35 in June 2024 suggests that the company may be experiencing challenges in utilizing its assets efficiently to generate sales revenue. This could be a cause for concern as it indicates potential inefficiencies in the company's operations or challenges in converting assets into revenue.
Further analysis would be necessary to understand the reasons behind the fluctuations in the total asset turnover ratio and to assess the overall financial health and efficiency of Mercury Systems Inc.
Peer comparison
Jun 30, 2024