Tyson Foods Inc (TSN)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 42,405,000 | 41,520,000 | 40,686,000 |
| Total assets | US$ in thousands | 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 | 32,918,000 | 33,665,000 | 32,305,000 |
| Total asset turnover | 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 | 1.29 | 1.23 | 1.26 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $52,940,000K ÷ $36,746,000K
= 1.44
The total asset turnover ratio for Tyson Foods Inc has been relatively stable over the past few years, fluctuating between 1.21 and 1.46. This ratio indicates the company's efficiency in generating sales from its total assets. A higher total asset turnover ratio suggests that the company is effectively utilizing its assets to generate revenue.
Tyson Foods Inc's total asset turnover ratio averaged around 1.35 over the period under consideration. The fluctuations in the ratio may be attributed to changes in the company's sales volume, asset base, or operational efficiency. Overall, the company's ability to generate sales from its total assets has been moderately consistent, reflecting a reasonable level of asset efficiency.
Peer comparison
Dec 31, 2023