Ralph Lauren Corp Class A (RL)

Total asset turnover

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	6,631,400	6,604,300	6,502,600	6,449,500	6,443,600	6,425,500	6,408,600	6,332,800	6,218,500	5,982,800	5,600,200	5,289,600	4,400,800	4,387,900	4,705,800	5,218,500	6,159,800	6,391,400	6,366,500	6,351,200
Total assets	US$ in thousands	6,602,600	7,004,500	6,723,100	6,868,400	6,789,500	7,039,900	6,733,600	6,951,100	7,724,700	8,135,600	8,176,700	7,961,900	7,887,500	8,172,200	7,751,600	7,740,400	7,279,900	7,445,900	7,228,500	7,343,700
Total asset turnover		1.00	0.94	0.97	0.94	0.95	0.91	0.95	0.91	0.81	0.74	0.68	0.66	0.56	0.54	0.61	0.67	0.85	0.86	0.88	0.86

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,631,400K ÷ $6,602,600K
= 1.00

Ralph Lauren Corp Class A's total asset turnover ratio has displayed fluctuations over the past several quarters. The ratio shows how efficiently the company is utilizing its assets to generate sales. A higher ratio indicates better asset utilization.

The total asset turnover ratio ranged from 0.54 to 1.00 over the provided period. It peaked at 1.00 in March 2024, indicating that the company generated $1.00 in sales for every dollar of assets it owned at the time. This may suggest improved efficiency in asset management and sales generation.

However, the ratio has not been consistently increasing, with fluctuations observed in each quarter. While there have been periods of improvement, such as the upward trend in the most recent quarter, there have also been periods of decline. The ratio hit its lowest point of 0.54 in December 2020, suggesting challenges in effectively utilizing assets to generate sales.

Overall, Ralph Lauren Corp Class A's total asset turnover ratio indicates varying levels of efficiency in managing its assets to generate revenue over the analyzed period. Continued monitoring of this ratio may provide insights into the company's operational effectiveness and financial performance.