Nordson Corporation (NDSN)
Total asset turnover
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,156,514 | 2,140,358 | 2,173,355 |
| Total assets | US$ in thousands | 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 | 3,516,450 | 3,491,540 | 3,475,090 |
| Total asset turnover | 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 | 0.61 | 0.61 | 0.63 |
January 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,581,455K ÷ $5,247,080K
= 0.49
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue relative to its total assets. A higher total asset turnover ratio indicates that a company is more efficient in utilizing its assets to generate revenue.
Based on the data provided for Nordson Corp., we can observe fluctuations in the total asset turnover ratio over the past quarters. The total asset turnover ratio ranged from 0.50 to 0.68 during the eight quarters presented.
In the most recent quarter, Q1 2024, Nordson Corp. had a total asset turnover of 0.51, indicating a decrease from the previous quarter. This suggests that the company generated $0.51 in sales revenue for every dollar of total assets during Q1 2024.
On average, Nordson Corp. maintained a total asset turnover ratio in the range of 0.50 to 0.68, with the highest value recorded in Q4 2022 at 0.68. This peak ratio suggests that Nordson Corp. was highly efficient in utilizing its assets to generate sales revenue during that period.
Overall, the trend of the total asset turnover ratio for Nordson Corp. shows some variability but generally indicates a reasonable level of efficiency in utilizing its assets to drive sales. It is essential for the company to continue monitoring and managing this ratio to ensure optimal asset utilization for sustainable growth and profitability.
Peer comparison
Jan 31, 2024