Phibro Animal Health Corporation (PAHC)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 993,816 | 960,113 | 935,602 | 833,350 | 800,354 |
| Total assets | US$ in thousands | 982,184 | 971,397 | 931,699 | 841,325 | 784,100 |
| Total asset turnover | 1.01 | 0.99 | 1.00 | 0.99 | 1.02 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $993,816K ÷ $982,184K
= 1.01
The total asset turnover ratio for Phibro Animal Health Corporation has been relatively stable over the past five years, ranging between 0.99 and 1.02. This ratio indicates that, on average, the company generates $1.01 in revenue for every dollar of assets in the most recent fiscal year. The minor fluctuations in the ratio suggest that the company has been effectively utilizing its assets to generate sales revenue, with a slight improvement in 2024 compared to the previous year. Overall, the consistency in the total asset turnover ratio reflects Phibro Animal Health Corporation's efficiency in deploying its assets to support its revenue generation activities.
Peer comparison
Jun 30, 2024