Triumph Group Inc (TGI)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,192,040 | 1,379,130 | 1,459,940 | 1,869,720 | 2,900,120 |
| Total assets | US$ in thousands | 1,686,270 | 1,714,840 | 1,760,700 | 2,450,940 | 2,980,330 |
| Total asset turnover | 0.71 | 0.80 | 0.83 | 0.76 | 0.97 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,192,040K ÷ $1,686,270K
= 0.71
Triumph Group Inc's total asset turnover ratio has fluctuated over the past five years. In the most recent fiscal year (ending March 31, 2024), the total asset turnover ratio was 0.71, showing a decrease compared to the previous year. This implies that the company generated $0.71 in sales for every dollar of assets it had during that period.
The decreasing trend in the total asset turnover ratio over the last two years may indicate inefficiencies in asset utilization or a need for increased sales volume. However, it is important to consider industry norms and specific company strategies when interpreting this ratio.
Further analysis and comparison with industry benchmarks may provide insights into Triumph Group Inc's asset management efficiency and the effectiveness of its sales generation relative to its asset base.
Peer comparison
Mar 31, 2024