Post Holdings Inc (POST)

Total asset turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	6,991,000	5,851,200	4,980,700	4,711,000	5,681,100
Total assets	US$ in thousands	11,646,700	11,308,000	12,414,700	12,146,700	11,951,600
Total asset turnover		0.60	0.52	0.40	0.39	0.48

September 30, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $6,991,000K ÷ $11,646,700K
= 0.60

The total asset turnover of Post Holdings Inc has shown an increasing trend over the past five years, indicating improved efficiency in utilizing its assets to generate sales. The ratio has increased from 0.48 in 2019 to 0.60 in 2023. This suggests that the company is generating more revenue for each dollar invested in its assets. The trend reflects positively on the company's operational effectiveness and ability to generate sales from its asset base. It indicates that Post Holdings Inc has been able to optimize the utilization of its assets to drive sales growth.

Peer comparison

Sep 30, 2023

Company name

Symbol

Total asset turnover

Post Holdings Inc

POST

0.60

General Mills Inc

GIS

0.06

Ingredion Incorporated