Phibro Animal Health Corporation (PAHC)
Total asset turnover
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 993,816 | 966,848 | 952,851 | 955,955 | 960,113 | 955,995 | 953,390 | 945,191 | 935,602 | 907,274 | 879,384 | 852,821 | 833,350 | 798,955 | 797,965 | 805,828 | 800,354 | 818,354 | 813,351 | 817,562 |
| Total assets | US$ in thousands | 982,184 | 979,035 | 972,708 | 964,523 | 971,397 | 965,432 | 961,833 | 948,378 | 931,699 | 916,181 | 848,958 | 836,044 | 841,325 | 805,017 | 803,651 | 789,554 | 784,100 | 776,050 | 788,318 | 795,239 |
| Total asset turnover | 1.01 | 0.99 | 0.98 | 0.99 | 0.99 | 0.99 | 0.99 | 1.00 | 1.00 | 0.99 | 1.04 | 1.02 | 0.99 | 0.99 | 0.99 | 1.02 | 1.02 | 1.05 | 1.03 | 1.03 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ 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 few quarters, ranging from 0.98 to 1.05. This ratio measures the efficiency of the company in generating revenues from its total assets.
A ratio of 1.0 or above indicates that the company is generating at least a dollar of revenue for every dollar of assets it holds. Phibro's total asset turnover consistently above 1.0 suggests that the company is effectively utilizing its assets to generate sales.
Overall, Phibro Animal Health Corporation's total asset turnover ratio demonstrates a consistent and efficient utilization of assets to generate revenue over the analyzed period.
Peer comparison
Jun 30, 2024