Thor Industries Inc (THO)
Total asset turnover
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,050,200 | 10,164,480 | 10,287,660 | 10,422,340 | 11,027,250 | 12,116,190 | 13,848,390 | 15,377,810 | 16,229,070 | 15,994,200 | 14,792,000 | 13,645,200 | 12,221,680 | 10,945,860 | 9,168,270 | 8,440,550 | 8,057,530 | 8,041,050 | 8,857,250 | 8,171,070 |
| Total assets | US$ in thousands | 7,020,820 | 7,218,200 | 7,225,830 | 7,172,470 | 7,260,830 | 7,553,960 | 7,311,960 | 7,281,260 | 7,408,130 | 7,735,500 | 7,665,140 | 7,768,770 | 6,654,090 | 6,713,970 | 6,369,550 | 5,860,920 | 5,771,460 | 5,612,290 | 5,628,480 | 5,607,540 |
| Total asset turnover | 1.43 | 1.41 | 1.42 | 1.45 | 1.52 | 1.60 | 1.89 | 2.11 | 2.19 | 2.07 | 1.93 | 1.76 | 1.84 | 1.63 | 1.44 | 1.44 | 1.40 | 1.43 | 1.57 | 1.46 |
July 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,050,200K ÷ $7,020,820K
= 1.43
Thor Industries Inc's total asset turnover ratio has been fluctuating over the past several quarters. The ratio, which measures the efficiency of the company in generating sales from its total assets, has ranged from 1.40 to 2.19 over the last 20 quarters.
The trend shows a general decrease in total asset turnover from the peak of 2.19 in Jul 31, 2022, to the low of 1.40 in Oct 31, 2020, before picking up slightly to 1.57 in Jan 31, 2020. The ratio then fluctuated around the 1.40 to 1.60 range until a significant increase to 1.89 in Jan 31, 2023. This increase was followed by a peak of 2.19 in Oct 31, 2023, suggesting the company was able to generate more sales relative to its total assets during that period.
However, the ratio declined in the subsequent quarters, reaching 1.43 in Jul 31, 2024. Overall, the trend indicates some variability in the company's ability to efficiently utilize its assets to generate sales, with periods of both improvement and decline in total asset turnover. Further analysis would be required to understand the factors contributing to these fluctuations and assess the company's operating efficiency in more detail.
Peer comparison
Jul 31, 2024