OSI Systems Inc (OSIS)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,533,660 | 1,280,430 | 1,211,210 | 1,145,600 | 1,162,640 |
| Total assets | US$ in thousands | 1,936,010 | 1,555,690 | 1,443,150 | 1,384,370 | 1,268,540 |
| Total asset turnover | 0.79 | 0.82 | 0.84 | 0.83 | 0.92 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,533,660K ÷ $1,936,010K
= 0.79
OSI Systems Inc's total asset turnover has shown a declining trend over the past five years, decreasing from 0.92 in 2020 to 0.79 in 2024. This indicates that the company is generating less revenue relative to its total assets. A lower total asset turnover could suggest inefficiencies in asset utilization or a decrease in sales generated per dollar of assets invested.
It is important for OSI Systems Inc to closely monitor its asset management strategies and operational efficiency to improve its total asset turnover ratio in order to maximize revenue generation from its assets. Management may need to evaluate and optimize its asset utilization, inventory management, and sales strategies to enhance overall performance and profitability. Additional analysis and comparison with industry peers may provide further insights into the company's asset turnover performance.
Peer comparison
Jun 30, 2024