Tyson Foods Inc (TSN)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,309,000 | 52,881,000 | 53,282,000 | 47,049,000 | 43,185,000 |
| Total assets | US$ in thousands | 37,100,000 | 36,251,000 | 36,821,000 | 36,309,000 | 34,456,000 |
| Total asset turnover | 1.44 | 1.46 | 1.45 | 1.30 | 1.25 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $53,309,000K ÷ $37,100,000K
= 1.44
Tyson Foods Inc's total asset turnover has shown a generally positive trend over the past five years, indicating the company's efficiency in generating revenue relative to its total assets. The ratio has fluctuated between 1.25 and 1.46 during this period, with the highest value recorded in 2023. This suggests that the company has been successful in utilizing its assets to generate sales, with each dollar of assets generating $1.44 to $1.46 in revenue. Overall, the increasing trend in total asset turnover demonstrates Tyson Foods' ability to effectively deploy its assets to drive its business operations and generate value for its shareholders.
Peer comparison
Sep 30, 2024