Pool Corporation (POOL)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,541,600 | 6,179,730 | 5,295,580 | 3,936,620 | 3,199,520 |
| Total assets | US$ in thousands | 3,428,070 | 3,565,440 | 3,230,130 | 1,739,670 | 1,483,270 |
| Total asset turnover | 1.62 | 1.73 | 1.64 | 2.26 | 2.16 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,541,600K ÷ $3,428,070K
= 1.62
Pool Corporation's total asset turnover has displayed some fluctuations over the past five years. The ratio has ranged from a low of 1.62 in Dec 31, 2023, to a high of 2.26 in Dec 31, 2020, and 2.16 in Dec 31, 2019. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets, reflecting a more efficient use of assets to generate sales. Conversely, a lower total asset turnover may suggest that the company is less efficient in utilizing its assets to drive sales. It's important to consider the industry benchmark and trends over time to assess the company's performance relative to its peers in the industry.