Nordson Corporation (NDSN)
Total asset turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,688,450 | 2,568,040 | 2,568,450 | 2,336,130 | 2,088,460 |
| Total assets | US$ in thousands | 6,000,970 | 5,251,770 | 3,820,380 | 3,790,960 | 3,674,660 |
| Total asset turnover | 0.45 | 0.49 | 0.67 | 0.62 | 0.57 |
October 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,688,450K ÷ $6,000,970K
= 0.45
The total asset turnover of Nordson Corporation has exhibited fluctuations over the past five years. The ratio measures how efficiently the company is utilizing its assets to generate revenue. A decreasing trend in total asset turnover from 0.67 in 2022 to 0.45 in 2024 indicates that the company may be less effective in generating sales relative to its asset base. This could suggest potential inefficiencies in asset management or declining revenue generation capacity. However, it is essential to further analyze the company's operational performance and industry dynamics to gain a comprehensive understanding of the factors influencing the total asset turnover ratio.
Peer comparison
Oct 31, 2024