Standex International Corporation (SXI)
Total asset turnover
| Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 718,614 | 725,709 | 793,464 | 802,306 | 797,947 | 794,463 | 737,484 | 735,444 | 729,921 | 721,675 | 689,907 | 660,406 | 636,318 | 603,067 | 633,831 | 669,734 | 716,376 | 783,267 | 813,001 | 841,914 |
| Total assets | US$ in thousands | 1,005,060 | 993,506 | 1,005,060 | 981,433 | 1,024,930 | 1,015,090 | 956,685 | 921,259 | 934,439 | 973,568 | 970,570 | 960,642 | 962,223 | 946,338 | 958,657 | 941,902 | 930,878 | 956,922 | 967,815 | 949,292 |
| Total asset turnover | 0.71 | 0.73 | 0.79 | 0.82 | 0.78 | 0.78 | 0.77 | 0.80 | 0.78 | 0.74 | 0.71 | 0.69 | 0.66 | 0.64 | 0.66 | 0.71 | 0.77 | 0.82 | 0.84 | 0.89 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $718,614K ÷ $1,005,060K
= 0.71
Standex International Corporation's total asset turnover ratio has exhibited fluctuation over the past few quarters. The ratio has ranged from a low of 0.64 to a high of 0.89 over the past two years, indicating variability in the company's efficiency in generating sales from its total assets.
In recent periods, the total asset turnover ratio has generally been above 0.70, implying that the company has been able to generate a moderate level of sales relative to its total assets. However, the ratio has not shown a consistent upward or downward trend, suggesting that the efficiency of Standex International Corporation in utilizing its assets to generate revenue has not been stable.
It is important for the company to closely monitor and analyze the factors influencing its total asset turnover ratio in order to identify opportunities for improvement in asset utilization and overall operational efficiency.
Peer comparison
Jun 30, 2024