The Marzetti Company (MZTI)
Total asset turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,909,122 | 1,886,520 | 1,900,130 | 1,876,745 | 1,871,759 | 1,873,595 | 1,867,084 | 1,858,562 | 1,822,527 | 1,820,279 | 1,758,838 | 1,709,871 | 1,676,390 | 1,609,543 | 1,563,298 | 1,509,886 | 1,467,067 | 1,402,355 | 1,366,469 | 1,346,571 |
| Total assets | US$ in thousands | 1,274,720 | 1,276,610 | 1,239,860 | 1,216,210 | 1,206,930 | 1,172,010 | 1,148,920 | 1,130,300 | 1,112,990 | 1,157,760 | 1,137,170 | 1,131,230 | 1,090,370 | 1,103,620 | 1,120,200 | 1,115,140 | 1,101,280 | 1,068,350 | 1,054,310 | 1,024,370 |
| Total asset turnover | 1.50 | 1.48 | 1.53 | 1.54 | 1.55 | 1.60 | 1.63 | 1.64 | 1.64 | 1.57 | 1.55 | 1.51 | 1.54 | 1.46 | 1.40 | 1.35 | 1.33 | 1.31 | 1.30 | 1.31 |
June 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,909,122K ÷ $1,274,720K
= 1.50
The analysis of The Marzetti Company's total asset turnover over the period from September 2020 to June 2025 reveals a generally upward trend with some fluctuations. At the beginning of the period, the ratio was approximately 1.31 in September 2020, indicating that the company generated roughly $1.31 in sales for every dollar of assets. This ratio remained relatively stable until late 2020, with slight movements.
Between the end of 2020 and mid-2021, the total asset turnover experienced modest increases, reaching approximately 1.46 by March 2022. During this phase, the ratio demonstrated a gradual improvement, suggesting that the company was effectively utilizing its assets to generate sales with increased efficiency.
From mid-2022 onward, a more noticeable upward progression is observed, with the ratio climbing to approximately 1.64 by September 2023. This increase indicates enhanced asset utilization and greater operational efficiency. The ratio's peak at 1.64 during this period signifies an improvement in how effectively the company converts its assets into sales.
Subsequently, the ratio shows a slight decline, settling around 1.60 in March 2024 and further decreasing to approximately 1.48 by March 2025. This decline could imply a reduction in sales efficiency relative to asset base, potentially due to changes in sales volume, asset base expansion, or operational factors.
Overall, the total asset turnover trend suggests that The Marzetti Company has managed to improve its efficiency over the analyzed period, especially from late 2021 through 2023. The ratio's fluctuations in the latter part of the period may reflect changing operational dynamics, but the ratio remains within a relatively stable range, indicating consistent efficiency levels with some periods of improvement and slight declines.
Peer comparison
Jun 30, 2025