Premier Inc (PINC)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,346,360 | 1,336,100 | 1,432,900 | 1,721,150 | 1,299,590 |
| Total assets | US$ in thousands | 3,401,450 | 3,371,490 | 3,357,130 | 3,522,900 | 2,948,520 |
| Total asset turnover | 0.40 | 0.40 | 0.43 | 0.49 | 0.44 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,346,360K ÷ $3,401,450K
= 0.40
Premier Inc's total asset turnover has shown some fluctuation over the past five years, ranging from 0.40 in 2024 and 2023, to 0.43 in 2022, 0.49 in 2021, and 0.44 in 2020. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue. A total asset turnover of less than 1 signifies that the company is not generating enough sales relative to its asset base. The declining trend observed in recent years may suggest that Premier Inc is becoming less efficient in utilizing its assets to generate revenue. Further analysis of the company's operations and financial performance is recommended to gain a deeper understanding of the factors contributing to this trend.
Peer comparison
Jun 30, 2024