Powell Industries Inc (POWL)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,399,130 | 1,065,850 | 941,620 | 1,037,320 | 1,034,130 |
| Total assets | US$ in thousands | 752,242 | 493,380 | 436,192 | 472,278 | 467,411 |
| Total asset turnover | 1.86 | 2.16 | 2.16 | 2.20 | 2.21 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,399,130K ÷ $752,242K
= 1.86
The total asset turnover for Powell Industries, Inc. has exhibited a declining trend over the past five years, decreasing from 1.11 in 2019 to 0.93 in 2023. This indicates that the company's ability to generate sales from its total assets has weakened over time. A lower total asset turnover may suggest inefficiency in asset utilization or a slowdown in revenue generation relative to the size of the asset base. It is essential for the company to closely monitor and address this trend to ensure optimal utilization of its assets and improve overall operational efficiency.
Peer comparison
Sep 30, 2023