Toll Brothers Inc (TOL)
Total asset turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,846,700 | 9,994,940 | 10,275,600 | 8,755,150 | 7,088,190 |
| Total assets | US$ in thousands | 13,367,900 | 12,527,000 | 12,288,700 | 11,537,800 | 11,065,700 |
| Total asset turnover | 0.81 | 0.80 | 0.84 | 0.76 | 0.64 |
October 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,846,700K ÷ $13,367,900K
= 0.81
Total asset turnover measures how efficiently a company generates revenue in relation to its total assets. In the case of Toll Brothers Inc, the trend in total asset turnover over the past five years shows some fluctuations.
In 2020, the total asset turnover was relatively low at 0.64, indicating that Toll Brothers Inc generated $0.64 in revenue for every $1 of assets. However, there has been an upward trend since then, with the ratio improving to 0.76 in 2021, then further increasing to 0.84 in 2022, before it slightly decreased to 0.80 in 2023 and 0.81 in 2024.
The increasing trend in recent years suggests that Toll Brothers Inc has become more efficient in generating revenue from its total assets. However, the slight decrease from 2022 to 2023 and the small increase in 2024 indicate some fluctuations in this efficiency metric.
Overall, Toll Brothers Inc's total asset turnover ratio indicates a mixed performance in recent years, with some improvement in efficiency but also some variability in the company's ability to generate revenue from its asset base.
Peer comparison
Oct 31, 2024