Spire Inc (SR)

Total asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	2,593,000	2,480,600	2,078,700	2,128,900	1,749,900
Total assets	US$ in thousands	10,860,700	10,313,600	10,083,700	9,356,400	8,241,200
Total asset turnover		0.24	0.24	0.21	0.23	0.21

September 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,593,000K ÷ $10,860,700K
= 0.24

The total asset turnover ratio of Spire Inc has been relatively stable over the past five years, ranging between 0.21 and 0.24. This ratio indicates that, on average, Spire Inc generates $0.24 of revenue for every dollar of assets held. A consistently low total asset turnover ratio may suggest that the company is not effectively utilizing its assets to generate sales, potentially indicating inefficiencies in asset management or underperforming revenue generation strategies. Further analysis of the company's operational and financial performance is recommended to assess the reasons behind the fluctuation and to identify potential areas for improvement.