Polaris Industries Inc (PII)
Total asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,809,400 | 8,932,200 | 9,036,300 | 8,899,000 | 8,692,600 | 6,350,200 | 5,978,400 | 6,037,000 | 6,031,600 | 8,138,400 | 8,127,000 | 7,514,400 | 6,963,800 | 6,556,070 | 6,370,680 | 6,635,480 | 6,721,750 | 6,613,000 | 6,492,680 | 6,227,300 |
| Total assets | US$ in thousands | 5,516,300 | 5,733,000 | 5,469,600 | 5,289,900 | 5,217,900 | 5,093,400 | 5,238,900 | 5,128,900 | 5,047,800 | 4,870,300 | 4,525,200 | 4,513,700 | 4,632,700 | 4,783,600 | 4,312,700 | 4,763,900 | 4,430,500 | 4,527,420 | 4,364,210 | 4,408,720 |
| Total asset turnover | 1.60 | 1.56 | 1.65 | 1.68 | 1.67 | 1.25 | 1.14 | 1.18 | 1.19 | 1.67 | 1.80 | 1.66 | 1.50 | 1.37 | 1.48 | 1.39 | 1.52 | 1.46 | 1.49 | 1.41 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,809,400K ÷ $5,516,300K
= 1.60
Polaris Inc's total asset turnover ratio has fluctuated over the past eight quarters, ranging from a low of 1.55 in Q3 2023 to a high of 1.67 in both Q1 2023 and Q3 2022. This ratio measures the efficiency with which the company is generating revenue from its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more efficiently to generate revenue.
Overall, Polaris Inc has maintained a relatively strong total asset turnover ratio, with a consistent average above 1.60. This suggests that the company is effectively using its assets to generate revenue throughout the quarters analyzed. However, the slight fluctuations in the ratio may indicate changes in the company's operational efficiency or sales performance during different periods.
It is advisable for Polaris Inc to continue monitoring and analyzing its total asset turnover ratio to ensure that its assets are being effectively utilized to drive revenue growth and operational efficiency.