Nordson Corporation (NDSN)
Total asset turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,647,909 | 2,596,752 | 2,571,736 | 2,581,455 | 2,569,649 | 2,554,567 | 2,574,370 | 2,564,160 | 2,567,546 | 2,483,661 | 2,467,989 | 2,420,346 | 2,336,296 | 2,300,916 | 2,191,064 | 2,129,850 | 2,095,644 | 2,122,570 | 2,139,949 | 2,157,511 |
| Total assets | US$ in thousands | 6,000,970 | 5,204,370 | 5,171,870 | 5,247,080 | 5,251,770 | 4,197,030 | 4,193,120 | 4,237,420 | 3,820,380 | 3,823,820 | 3,796,340 | 3,834,990 | 3,790,960 | 3,670,080 | 3,594,910 | 3,683,400 | 3,674,660 | 3,819,960 | 3,742,900 | 3,550,870 |
| Total asset turnover | 0.44 | 0.50 | 0.50 | 0.49 | 0.49 | 0.61 | 0.61 | 0.61 | 0.67 | 0.65 | 0.65 | 0.63 | 0.62 | 0.63 | 0.61 | 0.58 | 0.57 | 0.56 | 0.57 | 0.61 |
October 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,647,909K ÷ $6,000,970K
= 0.44
Total asset turnover measures how efficiently a company uses its assets to generate sales. Nordson Corporation's total asset turnover has been fluctuating over the past few quarters, ranging from 0.44 to 0.67. The trend shows a general decrease in total asset turnover from the higher levels seen in the early periods to the lower levels in the later periods. This indicates that Nordson Corporation's ability to generate sales from its total assets has decreased over time.
A total asset turnover below 1.0 suggests that Nordson Corporation is not generating a high level of sales relative to its total assets. This could indicate inefficiencies in asset utilization or challenges in generating revenue from the assets on hand. It is important for Nordson Corporation to closely monitor and improve its total asset turnover to ensure optimal utilization of resources and improved financial performance.
Peer comparison
Oct 31, 2024