UGI Corporation (UGI)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,210,000 | 8,928,000 | 10,106,000 | 7,447,000 | 6,559,000 |
| Total assets | US$ in thousands | 15,098,000 | 15,401,000 | 17,575,000 | 16,723,000 | 13,985,000 |
| Total asset turnover | 0.48 | 0.58 | 0.58 | 0.45 | 0.47 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,210,000K ÷ $15,098,000K
= 0.48
UGI Corporation's total asset turnover has fluctuated over the past five years, ranging from 0.45 to 0.58. Total asset turnover measures the efficiency of a company in generating sales revenue from its assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate sales.
In 2024, the total asset turnover decreased to 0.48 from 0.58 in 2023, signaling a decrease in the efficiency of UGI Corporation's asset utilization to generate revenue. This could be due to factors such as slower sales growth relative to the increase in total assets or inefficient use of assets.
Comparing 2024 to 2021 and 2020, the total asset turnover has shown an overall improvement. However, it is important for UGI Corporation to analyze the reasons behind the fluctuations in total asset turnover and implement strategies to improve efficiency in utilizing its assets to generate higher sales revenue in the future.
Peer comparison
Sep 30, 2024