Tyson Foods Inc (TSN)
Total asset turnover
| Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 53,309,000 | 53,092,000 | 52,879,000 | 52,940,000 | 52,881,000 | 53,270,000 | 53,625,000 | 53,609,000 | 53,282,000 | 52,356,000 | 51,339,000 | 49,522,000 | 47,049,000 | 45,698,000 | 43,242,000 | 42,830,000 | 43,185,000 | 42,609,000 | 43,472,000 | 43,027,000 |
| Total assets | US$ in thousands | 37,100,000 | 37,732,000 | 37,465,000 | 36,746,000 | 36,251,000 | 36,761,000 | 36,796,000 | 36,678,000 | 36,821,000 | 36,245,000 | 35,898,000 | 36,824,000 | 36,309,000 | 35,663,000 | 34,474,000 | 35,458,000 | 34,456,000 | 34,323,000 | 33,657,000 | 33,564,000 |
| Total asset turnover | 1.44 | 1.41 | 1.41 | 1.44 | 1.46 | 1.45 | 1.46 | 1.46 | 1.45 | 1.44 | 1.43 | 1.34 | 1.30 | 1.28 | 1.25 | 1.21 | 1.25 | 1.24 | 1.29 | 1.28 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $53,309,000K ÷ $37,100,000K
= 1.44
Total Asset Turnover measures a company's ability to generate sales from its assets. Tyson Foods Inc's total asset turnover has been relatively stable over the past few quarters, ranging from 1.21 to 1.46. This indicates that the company is generating approximately $1.21 to $1.46 in sales for every dollar of assets it owns.
A total asset turnover ratio above 1 suggests that Tyson Foods is effectively utilizing its assets to generate revenue. The slight fluctuations in the ratio may be due to changes in the company's sales volume or asset base. Overall, the consistent total asset turnover ratio indicates that Tyson Foods is efficiently using its assets to drive its business operations and generate revenue.
Peer comparison
Sep 30, 2024