Post Holdings Inc (POST)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,922,700 | 6,991,000 | 5,851,200 | 4,980,700 | 4,711,000 |
| Total assets | US$ in thousands | 12,854,200 | 11,646,700 | 11,308,000 | 12,414,700 | 12,146,700 |
| Total asset turnover | 0.62 | 0.60 | 0.52 | 0.40 | 0.39 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,922,700K ÷ $12,854,200K
= 0.62
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 revenue. In the latest fiscal year ending on Sep 30, 2024, the total asset turnover ratio stood at 0.62, reflecting that the company generated $0.62 in revenue for every $1 of total assets.
Comparing this to the previous years, there has been a steady growth in this ratio, with values of 0.60, 0.52, 0.40, and 0.39 for the fiscal years 2023, 2022, 2021, and 2020, respectively. This trend suggests that Post Holdings Inc has been able to generate more sales relative to its total assets, indicating improved operational efficiency and asset utilization over the years.
A higher total asset turnover ratio generally signifies that a company is effectively employing its assets to generate revenue, which is a positive indication of operational performance. Therefore, the increasing trend in Post Holdings Inc's total asset turnover ratio is a favorable metric that reflects the company's ability to efficiently convert its investments in assets into sales revenue.
Peer comparison
Sep 30, 2024