Toro Co (TTC)
Total asset turnover
| Oct 31, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Oct 31, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 31, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 31, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 31, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,550,900 | 4,443,272 | 4,353,172 | 4,345,472 | 4,494,472 | 4,686,560 | 4,771,130 | 4,687,980 | 4,478,917 | 4,272,115 | 4,090,565 | 3,991,095 | 3,930,922 | 3,818,221 | 3,681,069 | 3,468,487 | 3,362,350 | 3,255,772 | 3,261,817 | 3,294,455 |
| Total assets | US$ in thousands | 3,582,800 | 3,731,400 | 3,852,200 | 3,801,100 | 3,644,300 | 3,585,900 | 3,741,400 | 3,654,900 | 3,556,000 | 3,439,950 | 3,479,310 | 3,253,040 | 2,936,140 | 2,968,050 | 2,996,110 | 2,875,140 | 2,853,230 | 2,813,860 | 2,811,480 | 2,491,610 |
| Total asset turnover | 1.27 | 1.19 | 1.13 | 1.14 | 1.23 | 1.31 | 1.28 | 1.28 | 1.26 | 1.24 | 1.18 | 1.23 | 1.34 | 1.29 | 1.23 | 1.21 | 1.18 | 1.16 | 1.16 | 1.32 |
October 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,550,900K ÷ $3,582,800K
= 1.27
Total asset turnover measures a company's efficiency in generating sales from its assets. Toro Co's total asset turnover has fluctuated over the past few quarters, ranging from a low of 1.13 to a high of 1.34. This indicates that Toro Co has been relatively effective in utilizing its assets to generate revenue.
The trend shows some variability, but overall, Toro Co has maintained a healthy level of total asset turnover. A higher total asset turnover ratio suggests that the company is more efficient in utilizing its assets to generate sales. Conversely, a lower ratio may indicate inefficiency in asset utilization.
It is important for Toro Co to continue monitoring its total asset turnover ratio to ensure it remains at satisfactory levels and reflects efficient asset management.