UGI Corporation (UGI)
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 | 7,210,000 | 7,372,000 | 7,651,000 | 8,290,000 | 8,928,000 | 9,458,000 | 9,832,000 | 10,192,000 | 10,106,000 | 9,610,000 | 9,073,000 | 8,188,000 | 7,447,000 | 7,133,000 | 6,836,000 | 6,484,000 | 6,559,000 | 6,585,000 | 6,750,000 | 7,127,000 |
| Total assets | US$ in thousands | 15,098,000 | 15,066,000 | 15,624,000 | 15,716,000 | 15,401,000 | 15,243,000 | 16,429,000 | 17,128,000 | 17,575,000 | 17,111,000 | 17,777,000 | 16,800,000 | 16,723,000 | 15,006,000 | 14,945,000 | 14,725,000 | 13,985,000 | 13,843,000 | 14,136,000 | 14,286,000 |
| Total asset turnover | 0.48 | 0.49 | 0.49 | 0.53 | 0.58 | 0.62 | 0.60 | 0.60 | 0.58 | 0.56 | 0.51 | 0.49 | 0.45 | 0.48 | 0.46 | 0.44 | 0.47 | 0.48 | 0.48 | 0.50 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,210,000K ÷ $15,098,000K
= 0.48
The total asset turnover ratio measures the efficiency of UGI Corporation in generating sales from its assets. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
Analyzing the trend in UGI Corporation's total asset turnover over the given periods, we can observe fluctuations in the ratio. The ratio has shown some volatility but generally declined from 0.50 in Dec 2019 to 0.48 in Sep 2024. This indicates that the company's ability to generate sales from its assets has slightly decreased over the period.
However, the ratio remained relatively stable around the range of 0.48 to 0.60 for most of the periods, suggesting that UGI Corporation has been consistent in utilizing its assets to generate revenue. It is important for the company to monitor the trend in total asset turnover to ensure efficient management of its assets and maximize profitability.
Peer comparison
Sep 30, 2024