Polaris Industries Inc (PII)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,175,400 | 7,709,200 | 8,235,700 | 8,491,100 | 8,934,400 | 9,049,300 | 9,141,000 | 8,987,200 | 8,764,300 | 8,530,600 | 8,149,500 | 8,203,900 | 8,198,200 | 8,184,100 | 8,179,200 | 7,573,800 | 7,027,900 | 6,607,470 | 6,424,520 | 6,692,040 |
| Total assets | US$ in thousands | 5,525,200 | 5,629,700 | 5,708,900 | 5,567,400 | 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 |
| Total asset turnover | 1.30 | 1.37 | 1.44 | 1.53 | 1.62 | 1.58 | 1.67 | 1.70 | 1.68 | 1.67 | 1.56 | 1.60 | 1.62 | 1.68 | 1.81 | 1.68 | 1.52 | 1.38 | 1.49 | 1.40 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,175,400K ÷ $5,525,200K
= 1.30
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. A higher total asset turnover indicates that the company is more effective in utilizing its assets to generate revenue.
Looking at the data for Polaris Industries Inc, the total asset turnover has fluctuated over the years. It was relatively stable around 1.40 to 1.50 from March 2020 to December 2021. From March 2021 to June 2022, there was an increasing trend, reaching a peak of 1.81 in June 2021.
However, after June 2022, the total asset turnover started to decline gradually, dropping to 1.30 by December 2024. This suggests that the company may be becoming less efficient in generating sales from its assets during this period. It is important for Polaris Industries Inc to closely monitor this ratio and consider strategies to improve asset utilization efficiency in order to enhance overall financial performance.