RPM International Inc (RPM)
Total asset turnover
| May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,210,630 | 7,210,030 | 7,225,690 | 7,227,590 | 7,153,220 | 7,135,330 | 7,037,070 | 6,891,810 | 6,615,470 | 6,379,750 | 6,216,330 | 6,062,430 | 6,018,050 | 5,756,940 | 5,658,510 | 5,568,830 | 5,428,360 | 5,570,800 | 5,534,900 | 5,496,300 |
| Total assets | US$ in thousands | 6,586,540 | 6,382,400 | 6,537,380 | 6,715,280 | 6,782,000 | 6,609,420 | 6,849,510 | 6,802,990 | 6,707,710 | 6,330,600 | 6,254,900 | 6,166,200 | 6,252,970 | 5,792,380 | 5,790,210 | 5,694,420 | 5,630,950 | 5,565,870 | 5,581,000 | 5,596,420 |
| Total asset turnover | 1.09 | 1.13 | 1.11 | 1.08 | 1.05 | 1.08 | 1.03 | 1.01 | 0.99 | 1.01 | 0.99 | 0.98 | 0.96 | 0.99 | 0.98 | 0.98 | 0.96 | 1.00 | 0.99 | 0.98 |
May 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,210,630K ÷ $6,586,540K
= 1.09
Total asset turnover provides insight into how efficiently a company is utilizing its assets to generate revenue. In the case of RPM International Inc, the total asset turnover ratio has shown fluctuations over the specified time period.
The total asset turnover ratio ranged from 0.96 to 1.13 during the past few years, indicating varying levels of efficiency in generating sales from its total assets. Higher ratios, such as 1.13 in February 2024, suggest that the company is generating more revenue relative to its total assets. Conversely, lower ratios, such as 0.96 in November 2020, indicate potential inefficiencies in asset utilization.
Overall, the trend seems to show some stability and improvement in asset utilization efficiency, as the ratio has generally been above 1 in recent periods. However, it is important to further investigate the reasons behind these fluctuations to assess the company's operational effectiveness and potential for future growth.
Peer comparison
May 31, 2024