Powell Industries Inc (POWL)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,024,710 | 1,399,130 | 1,065,850 | 941,620 | 1,037,320 |
| Total assets | US$ in thousands | 928,180 | 752,242 | 493,380 | 436,192 | 472,278 |
| Total asset turnover | 2.18 | 1.86 | 2.16 | 2.16 | 2.20 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,024,710K ÷ $928,180K
= 2.18
Powell Industries Inc's total asset turnover has shown variability over the past five years, ranging from 1.86 to 2.20. The highest total asset turnover was observed in 2020, indicating that the company generated $2.20 in sales for every $1 of assets during that period. On the other hand, the lowest total asset turnover was recorded in 2023 at 1.86, suggesting a decrease in the efficiency of utilizing assets to generate sales.
In 2024, Powell Industries Inc's total asset turnover stood at 2.18, reflecting an improvement compared to the previous year. This implies that the company was able to generate $2.18 in sales for each dollar of assets in 2024. Overall, a higher total asset turnover ratio signifies better asset utilization efficiency and indicates that the company is effectively using its assets to generate revenue.
Peer comparison
Sep 30, 2024