PriceSmart Inc (PSMT)

Total asset turnover

		Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Revenue (ttm)	US$ in thousands	4,645,640	4,498,230	4,392,180	4,301,670	4,240,670	4,145,550	4,066,096	3,954,332	3,818,786	3,717,795	3,619,871	3,520,846	3,425,513	3,394,679	3,329,188	3,319,907	3,308,532	3,256,222	3,223,918	3,200,484
Total assets	US$ in thousands	2,036,780	2,029,280	2,005,610	1,933,350	1,886,170	1,887,920	1,808,400	1,791,760	1,773,330	1,789,310	1,705,790	1,631,960	1,630,840	1,678,000	1,656,820	1,574,490	1,498,290	1,524,110	1,296,410	1,261,860
Total asset turnover		2.28	2.22	2.19	2.22	2.25	2.20	2.25	2.21	2.15	2.08	2.12	2.16	2.10	2.02	2.01	2.11	2.21	2.14	2.49	2.54

February 29, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,645,640K ÷ $2,036,780K
= 2.28

Total asset turnover is a key financial ratio used to measure a company's efficiency in generating sales from its assets. It indicates how effectively the company is utilizing its assets to generate revenue.

Based on the data provided for PriceSmart Inc, the total asset turnover ratio has fluctuated over the past several periods. The highest total asset turnover ratio was 2.54 in the November 30, 2019 period, indicating that PriceSmart Inc generated $2.54 in revenue for every $1 of assets during that period.

The ratio then declined to a low of 2.01 in the August 31, 2020 period before gradually increasing again. The most recent total asset turnover ratio was 2.28 as of February 29, 2024.

Overall, PriceSmart Inc has shown a generally positive trend in asset turnover over the analyzed periods, although there have been fluctuations along the way. It is important for the company to monitor this ratio to ensure efficient asset utilization and continued revenue generation.