Premier Inc (PINC)
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 | 1,346,361 | 1,336,457 | 1,316,093 | 1,340,974 | 1,336,095 | 1,336,437 | 1,362,038 | 1,381,627 | 1,432,901 | 1,573,710 | 1,695,800 | 1,739,412 | 1,721,152 | 1,582,390 | 1,447,290 | 1,344,069 | 1,299,592 | 1,273,073 | 1,239,463 | 1,227,446 |
| Total assets | US$ in thousands | 3,401,450 | 3,363,730 | 3,832,530 | 3,849,570 | 3,371,490 | 3,512,520 | 3,539,390 | 3,419,740 | 3,357,130 | 3,515,460 | 3,451,460 | 3,566,920 | 3,522,900 | 3,681,960 | 3,510,800 | 3,441,580 | 2,948,520 | 3,063,070 | 2,616,160 | 2,594,580 |
| Total asset turnover | 0.40 | 0.40 | 0.34 | 0.35 | 0.40 | 0.38 | 0.38 | 0.40 | 0.43 | 0.45 | 0.49 | 0.49 | 0.49 | 0.43 | 0.41 | 0.39 | 0.44 | 0.42 | 0.47 | 0.47 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,346,361K ÷ $3,401,450K
= 0.40
Premier Inc's total asset turnover ratio has fluctuated over the past 10 quarters, ranging from 0.34 to 0.49. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A total asset turnover ratio of less than 1 suggests that Premier Inc is not generating enough revenue relative to its total assets.
The trend of the total asset turnover ratio shows a slight decline from 0.49 in the fourth quarter of 2021 to 0.40 in the second quarter of 2024. This may indicate that Premier Inc's efficiency in generating revenue from its assets has decreased slightly over time. However, it is important to note that a single ratio cannot provide a complete picture of the company's performance, and it should be analyzed alongside other financial metrics and qualitative factors.
Further analysis would be needed to understand the reasons behind the fluctuations in the total asset turnover ratio and to assess the overall financial health and operational efficiency of Premier Inc.
Peer comparison
Jun 30, 2024