Plexus Corp (PLXS)

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	7,183,180	7,408,040	7,611,580	7,540,780	8,274,130	7,722,450	7,163,770	6,826,830	6,806,620	6,834,190	6,966,280	6,170,144	5,153,548	4,322,097	3,287,362	4,058,528	4,895,824	5,610,985	5,571,968	4,666,883
Total assets	US$ in thousands	3,304,610	3,321,170	3,418,940	3,382,020	3,395,290	3,393,220	3,204,460	2,990,050	2,709,650	2,461,890	2,321,440	2,236,800	2,272,060	2,289,850	2,288,520	2,095,200	2,110,100	2,000,880	2,016,230	2,000,850
Total asset turnover		2.17	2.23	2.23	2.23	2.44	2.28	2.24	2.28	2.51	2.78	3.00	2.76	2.27	1.89	1.44	1.94	2.32	2.80	2.76	2.33

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,183,180K ÷ $3,304,610K
= 2.17

Plexus Corp's total asset turnover ratio has been relatively stable over the past few quarters, ranging between 2.17 and 2.78. This ratio indicates that, on average, the company generates $2.17 to $2.78 in revenue for every dollar of assets it owns.

The trend shows a decline in total asset turnover from a high of 3.00 in June 2021 to a low of 1.44 in June 2020, before gradually increasing again. A higher total asset turnover ratio typically indicates more efficient use of assets to generate revenue, while a lower ratio may suggest inefficiencies in asset utilization.

Overall, Plexus Corp's total asset turnover ratio reflects a moderate level of efficiency in utilizing its assets to generate revenue, with fluctuations possibly indicating variations in the company's operational efficiency and sales performance over the analyzed periods.