Pool Corporation (POOL)
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 | 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 | 3,199,520 | 3,160,368 | 3,073,179 | 3,009,649 |
| Total assets | US$ in thousands | 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 | 1,483,270 | 1,481,410 | 1,690,580 | 1,678,350 |
| Total asset turnover | 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 | 2.16 | 2.13 | 1.82 | 1.79 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,541,590K ÷ $3,428,070K
= 1.62
Over the past eight quarters, Pool Corporation's total asset turnover has shown some fluctuation. The ratio ranged from a low of 1.45 in Q1 2022 to a high of 1.73 in Q4 2022. This indicates the company generated $1.45-$1.73 in sales for every dollar of assets during those quarters.
Although there were some fluctuations, the trend appears to be relatively stable. The average total asset turnover over the eight quarters is approximately 1.58, suggesting that, on average, Pool Corporation generated $1.58 in sales for every dollar of assets during this period.
It is important to note that a higher total asset turnover ratio generally indicates that a company is efficiently utilizing its assets to generate revenue. Conversely, a lower ratio may suggest inefficiencies in asset utilization. In Pool Corporation's case, the ratios above 1.5 indicate effective asset utilization overall, with the company generating a reasonable level of sales relative to its asset base during the analyzed period.