Universal Corporation (UVV)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,381,540 | 5,054,850 | 4,159,990 | 3,928,210 | 3,761,740 |
| Total assets | US$ in thousands | 2,937,240 | 2,639,180 | 2,586,340 | 2,341,920 | 2,120,920 |
| Total asset turnover | 1.83 | 1.92 | 1.61 | 1.68 | 1.77 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,381,540K ÷ $2,937,240K
= 1.83
The trend in Universal Corporation's total asset turnover over the past five years shows variability. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher ratio indicates that the company is utilizing its assets more effectively to generate sales.
In the most recent year, as of March 31, 2024, the total asset turnover ratio stood at 1.83, which indicates that for every dollar of assets, Universal Corporation generated $1.83 in sales revenue. This represents a slight decrease compared to the previous year's ratio of 1.92.
In the preceding years, the total asset turnover ratios were 1.61 in 2022, 1.68 in 2021, and 1.77 in 2020. The ratios fluctuated within this range, suggesting varying levels of asset utilization efficiency over the period.
Overall, Universal Corporation's total asset turnover ratio has shown some volatility, with fluctuations in the efficiency of generating sales revenue from its assets. Further analysis of the underlying factors driving these changes would provide more insight into the company's operational performance and asset management strategies.
Peer comparison
Mar 31, 2024