Toll Brothers Inc (TOL)

Total asset turnover

		Oct 31, 2024	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
Revenue (ttm)	US$ in thousands	10,846,740	10,533,430	10,493,130	10,162,620	9,994,940	10,686,920	10,494,080	10,264,640	10,275,550	9,604,800	9,365,480	9,018,060	8,790,360	8,292,210	7,688,220	7,320,140	7,088,190	6,946,910	7,061,110	7,216,310
Total assets	US$ in thousands	13,367,900	13,359,700	13,250,400	12,522,000	12,527,000	12,353,700	11,989,500	11,984,900	12,288,700	11,743,300	11,544,600	11,283,900	11,537,800	11,264,100	10,975,000	10,864,000	11,065,700	10,537,400	10,810,800	10,587,200
Total asset turnover		0.81	0.79	0.79	0.81	0.80	0.87	0.88	0.86	0.84	0.82	0.81	0.80	0.76	0.74	0.70	0.67	0.64	0.66	0.65	0.68

October 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,846,740K ÷ $13,367,900K
= 0.81

Total asset turnover measures a company's efficiency in generating sales revenue from its assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more effectively to generate sales.

Analyzing Toll Brothers Inc's total asset turnover over the past few quarters, we can see that the ratio has fluctuated within a moderate range. It ranged from 0.64 to 0.88 over the last 9 quarters, with an average around 0.78.

In recent quarters, the total asset turnover ratio has been relatively stable, hovering around 0.80. This suggests that Toll Brothers Inc has been consistently generating sales revenue relative to its asset base. Additionally, the company's total asset turnover has been above 0.70, indicating that it is efficiently utilizing its assets to drive sales.

Overall, based on the trend in total asset turnover, Toll Brothers Inc appears to be effectively managing its assets to generate sales revenue, which is a positive indicator of operational efficiency and effectiveness in utilizing its resources.