MSC Industrial Direct Company Inc (MSM)
Total asset turnover
| Aug 31, 2024 | Jun 1, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,808,258 | 3,869,118 | 3,944,228 | 3,971,507 | 3,973,553 | 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 |
| Total assets | US$ in thousands | 2,462,310 | 2,467,790 | 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 |
| Total asset turnover | 1.55 | 1.57 | 1.58 | 1.59 | 1.56 | 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 |
August 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,808,258K ÷ $2,462,310K
= 1.55
The total asset turnover for MSC Industrial Direct Company Inc has shown some fluctuation over the last few years, ranging from 1.21 to 1.59. This ratio indicates the efficiency with which the company generates revenue from its total assets. A higher total asset turnover generally suggests that the company is utilizing its assets more effectively to generate sales.
The trend for MSC Industrial Direct Company Inc's total asset turnover seems to have been fairly consistent, hovering around 1.30 to 1.60 over the past few years. The slight variations in the ratio suggest that the company has been able to maintain a relatively stable level of asset utilization efficiency during this period.
Overall, the total asset turnover ratio for MSC Industrial Direct Company Inc indicates that the company has been effectively using its assets to generate revenue, with a consistent performance in asset utilization efficiency over the years.
Peer comparison
Aug 31, 2024