Sanmina Corporation (SANM)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,568,330 | 8,898,760 | 7,890,480 | 6,756,640 | 6,960,370 |
| Total assets | US$ in thousands | 4,822,840 | 4,873,970 | 4,835,530 | 4,206,720 | 3,772,660 |
| Total asset turnover | 1.57 | 1.83 | 1.63 | 1.61 | 1.84 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,568,330K ÷ $4,822,840K
= 1.57
The total asset turnover ratio of Sanmina Corporation has decreased from 1.83 in September 2023 to 1.57 in September 2024. This indicates that the company generated $1.57 in revenue for every dollar of assets owned in 2024, down from $1.83 the previous year. The decline in total asset turnover may suggest inefficiencies in asset utilization or a decrease in sales relative to the size of the asset base. It is important for the company to closely monitor and assess its asset management strategies to improve the efficiency of utilizing its assets to generate revenue in the future.
Peer comparison
Sep 30, 2024