MSC Industrial Direct Company Inc (MSM)
Total asset turnover
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,966,848 | 3,994,127 | 3,996,173 | 3,986,703 | 3,886,545 | 3,789,774 | 3,683,892 | 3,484,972 | 3,393,268 | 3,304,778 | 3,228,315 | 3,148,997 | 3,115,920 | 3,128,104 | 3,180,142 | 3,275,080 | 3,312,105 | 3,352,510 | 3,363,817 | 3,359,132 |
| Total assets | US$ in thousands | 2,501,390 | 2,493,720 | 2,544,130 | 2,526,680 | 2,524,460 | 2,749,400 | 2,729,410 | 2,619,320 | 2,564,920 | 2,496,340 | 2,462,120 | 2,424,320 | 2,302,240 | 2,286,650 | 2,382,430 | 2,709,710 | 2,377,030 | 2,339,760 | 2,311,240 | 2,324,350 |
| Total asset turnover | 1.59 | 1.60 | 1.57 | 1.58 | 1.54 | 1.38 | 1.35 | 1.33 | 1.32 | 1.32 | 1.31 | 1.30 | 1.35 | 1.37 | 1.33 | 1.21 | 1.39 | 1.43 | 1.46 | 1.45 |
March 2, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,966,848K ÷ $2,501,390K
= 1.59
Total asset turnover for MSC Industrial Direct Company Inc has shown some fluctuations over the past few quarters, ranging from 1.21 to 1.60. The company's ability to generate sales from its total assets has generally been above 1.30, indicating efficient asset utilization. In particular, there was a notable increase in total asset turnover from the second quarter of 2022 to the first quarter of 2024, peaking at 1.60. This suggests that the company has been more effective in generating revenue relative to its total assets during this period. Overall, the upward trend in total asset turnover reflects improved efficiency in utilizing assets to drive sales, which is a positive indicator for investors and stakeholders.
Peer comparison
Mar 2, 2024