Triumph Group Inc (TGI)
Total asset turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,192,043 | 1,158,914 | 1,135,621 | 1,158,543 | 1,244,104 | 1,305,297 | 1,362,884 | 1,412,680 | 1,459,942 | 1,540,124 | 1,646,869 | 1,771,288 | 1,869,719 | 2,095,996 | 2,374,668 | 2,664,963 | 2,900,117 | 3,076,034 | 3,179,263 | 3,262,261 |
| Total assets | US$ in thousands | 1,686,270 | 1,676,580 | 1,673,130 | 1,649,860 | 1,714,840 | 1,597,290 | 1,568,270 | 1,667,460 | 1,761,170 | 1,752,540 | 1,800,720 | 1,883,490 | 2,450,940 | 2,401,920 | 2,533,420 | 2,266,320 | 2,980,330 | 2,625,390 | 2,761,800 | 2,823,270 |
| Total asset turnover | 0.71 | 0.69 | 0.68 | 0.70 | 0.73 | 0.82 | 0.87 | 0.85 | 0.83 | 0.88 | 0.91 | 0.94 | 0.76 | 0.87 | 0.94 | 1.18 | 0.97 | 1.17 | 1.15 | 1.16 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,192,043K ÷ $1,686,270K
= 0.71
Triumph Group Inc's total asset turnover has shown some fluctuations over the past few quarters. The ratio has ranged between 0.68 and 1.18, with an average of approximately 0.93. A total asset turnover ratio below 1 indicates that the company's total assets are not being effectively utilized to generate revenue.
The trend shows a slight decline in total asset turnover from the beginning of the period, with a notable decrease in the most recent quarter. This downward trend could indicate potential inefficiencies in asset management or a decrease in sales relative to total assets.
Further analysis of the company's operational efficiency and asset utilization may be warranted to identify opportunities for improvement and optimize the company's performance in utilizing its assets to generate revenue.
Peer comparison
Mar 31, 2024