Quanex Building Products (NX)
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 | 1,109,013 | 1,130,825 | 1,136,294 | 1,162,759 | 1,214,361 | 1,221,502 | 1,205,738 | 1,161,578 | 1,109,042 | 1,072,149 | 1,035,786 | 968,005 | 885,123 | 851,573 | 836,537 | 862,902 | 893,630 | 893,841 | 897,558 | 898,918 |
| Total assets | US$ in thousands | 813,420 | 831,143 | 847,809 | 822,112 | 827,026 | 724,617 | 743,607 | 740,490 | 718,272 | 717,323 | 719,192 | 715,572 | 694,271 | 691,585 | 686,791 | 712,885 | 667,200 | 645,110 | 680,064 | 707,042 |
| Total asset turnover | 1.36 | 1.36 | 1.34 | 1.41 | 1.47 | 1.69 | 1.62 | 1.57 | 1.54 | 1.49 | 1.44 | 1.35 | 1.27 | 1.23 | 1.22 | 1.21 | 1.34 | 1.39 | 1.32 | 1.27 |
January 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,109,013K ÷ $813,420K
= 1.36
Quanex Building Products' total asset turnover has fluctuated over the past several periods, ranging from 1.21 to 1.69. The ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate sales.
In this case, we can observe that the total asset turnover peaked at 1.69 in the October 31, 2022 period, suggesting strong asset utilization efficiency during that time. Subsequently, the ratio experienced a downward trend before stabilizing around the 1.3 to 1.4 range in more recent periods.
Overall, Quanex Building Products' total asset turnover indicates varying levels of efficiency in utilizing its assets to generate sales revenue across different periods, with some fluctuations but generally demonstrating reasonable effectiveness in asset utilization.
Peer comparison
Jan 31, 2024