Plexus Corp (PLXS)

Total asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	8,035,580	8,496,620	7,722,450	6,834,190	6,875,610
Total assets	US$ in thousands	3,153,820	3,321,170	3,393,220	2,461,890	2,289,850
Total asset turnover		2.55	2.56	2.28	2.78	3.00

September 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $8,035,580K ÷ $3,153,820K
= 2.55

Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its total assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate revenue.

For Plexus Corp, the total asset turnover has fluctuated over the past five years, ranging from 2.28 to 3.00. The trend shows a slight decrease in total asset turnover from 2020 to 2022, followed by a slight increase in 2023 and 2024.

A total asset turnover of 2.55 in 2024 implies that for every dollar of total assets, Plexus Corp generated $2.55 in sales revenue. This suggests that Plexus Corp is efficient in generating sales revenue from its assets, although the efficiency has slightly decreased compared to prior years.

Overall, while the company's total asset turnover ratio has fluctuated, the general trend indicates that Plexus Corp has maintained a reasonable level of efficiency in utilizing its assets to generate sales revenue over the past five years.