Pool Corporation (POOL)
Total asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,310,949 | 5,326,520 | 5,368,050 | 5,455,630 | 5,541,590 | 5,634,460 | 5,775,390 | 5,973,850 | 6,179,730 | 6,119,370 | 5,915,480 | 5,647,490 | 5,295,580 | 5,099,281 | 4,827,061 | 4,320,081 | 3,936,629 | 3,679,602 | 3,438,872 | 3,279,352 |
| Total assets | US$ in thousands | 3,368,180 | 3,367,390 | 3,640,910 | 3,758,830 | 3,428,070 | 3,430,730 | 3,680,580 | 3,862,830 | 3,565,440 | 3,688,060 | 3,962,100 | 3,882,140 | 3,230,130 | 2,282,230 | 2,214,040 | 2,141,690 | 1,739,670 | 1,587,590 | 1,654,800 | 1,747,780 |
| Total asset turnover | 1.58 | 1.58 | 1.47 | 1.45 | 1.62 | 1.64 | 1.57 | 1.55 | 1.73 | 1.66 | 1.49 | 1.45 | 1.64 | 2.23 | 2.18 | 2.02 | 2.26 | 2.32 | 2.08 | 1.88 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,310,949K ÷ $3,368,180K
= 1.58
Pool Corporation's total asset turnover has fluctuated over the past few years, showing an initial increase from March 2020 to September 2021, reaching a peak of 2.32 in September 2020. This indicates that Pool Corporation was generating $2.32 in sales for every dollar of assets held during that period, reflecting efficient asset utilization.
However, from December 2021 onwards, the total asset turnover started to decline, dropping to 1.45 by March 2022. This downward trend continued until June 2024, ranging between 1.45 and 1.58, suggesting a decrease in the company's ability to generate sales from its assets.
The declining trend in total asset turnover could be a concern as it indicates a potential inefficiency in utilizing assets to generate revenue. Pool Corporation may need to explore ways to improve its asset management and boost sales to reverse this trend and enhance overall operational efficiency.