UGI Corporation (UGI)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,928,000 | 10,106,000 | 7,447,000 | 6,559,000 | 7,320,000 |
| Total assets | US$ in thousands | 15,401,000 | 17,575,000 | 16,723,000 | 13,985,000 | 13,347,000 |
| Total asset turnover | 0.58 | 0.58 | 0.45 | 0.47 | 0.55 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,928,000K ÷ $15,401,000K
= 0.58
The total asset turnover of UGI Corp. has remained relatively stable at around 0.58 in 2023 and 2022. This means that for every dollar of total assets, UGI Corp. generates approximately 58 cents in revenue. The slight increase in total asset turnover over the past two years indicates that UGI has been able to generate more revenue relative to its total assets. However, compared to 2020 and 2019, the total asset turnover was higher at 0.47 and 0.55 respectively, suggesting that the company was more efficient in generating revenue from its assets in those years. This trend may indicate changes in the company's asset utilization or its sales volume, and further investigation would be necessary to fully understand the factors driving these variations.
Peer comparison
Sep 30, 2023