Plexus Corp (PLXS)

Total asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	8,027,970	7,967,250	8,076,800	8,280,050	8,504,910	8,708,450	8,637,650	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
Total assets	US$ in thousands	3,153,820	3,170,880	3,276,660	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
Total asset turnover		2.55	2.51	2.46	2.51	2.56	2.55	2.55	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

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,027,970K ÷ $3,153,820K
= 2.55

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets efficiently. The ratio is calculated by dividing the company's net sales by its average total assets.

For Plexus Corp, the total asset turnover has ranged from 1.44 to 3.00 over the past 20 quarters. A higher total asset turnover indicates that the company is generating more revenue from its assets, which is generally favorable as it reflects efficient asset utilization.

In analyzing Plexus Corp's total asset turnover over the period, we can see that there has been some fluctuation but overall the ratio has generally remained above 2.0. This suggests that the company has been effective in using its assets to generate sales revenue.

The ratio was at its peak in the third quarter of 2021 at 3.00, indicating a strong performance in asset utilization during that period. However, the ratio decreased in subsequent quarters before stabilizing in the range of 2.24 to 2.55.

Overall, Plexus Corp's total asset turnover has shown consistency in generating revenue from its assets, with the ratio remaining relatively healthy and above 2.0 in most quarters. This indicates efficient asset management and an ability to efficiently convert assets into sales.