Universal Corporation (UVV)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,391,810 | 5,245,610 | 5,193,930 | 5,223,710 | 5,060,650 | 4,996,660 | 4,718,680 | 4,329,760 | 4,169,502 | 4,102,022 | 4,143,322 | 3,990,997 | 3,926,771 | 3,349,125 | 3,014,895 | 3,213,146 | 3,175,164 | 3,214,793 | 3,477,373 | 3,605,287 |
| Total assets | US$ in thousands | 2,937,240 | 2,833,870 | 2,861,770 | 2,887,660 | 2,639,180 | 2,764,900 | 2,814,000 | 2,779,380 | 2,586,340 | 2,593,530 | 2,425,800 | 2,396,090 | 2,341,920 | 2,388,640 | 2,242,290 | 2,106,840 | 2,120,920 | 2,150,720 | 2,218,230 | 2,177,880 |
| Total asset turnover | 1.84 | 1.85 | 1.81 | 1.81 | 1.92 | 1.81 | 1.68 | 1.56 | 1.61 | 1.58 | 1.71 | 1.67 | 1.68 | 1.40 | 1.34 | 1.53 | 1.50 | 1.49 | 1.57 | 1.66 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,391,810K ÷ $2,937,240K
= 1.84
The total asset turnover ratio for Universal Corporation has displayed some fluctuations over the past several quarters. The ratio measures how efficiently the company is generating sales revenue from its total assets.
From December 2019 to March 2020, the total asset turnover ratio increased from 1.49 to 1.53, indicating an improvement in the company's ability to generate sales from its assets. However, this trend reversed in the subsequent quarter, with the ratio dropping to 1.34 by September 2020.
Thereafter, the ratio steadily increased, reaching its peak at 1.92 in March 2023. This suggests that Universal Corporation was able to generate significant sales relative to its total assets during that period. Subsequently, there was a slight decline in the ratio before stabilizing around 1.80 for the rest of 2023 and into 2024.
Overall, while there have been fluctuations in the total asset turnover ratio for Universal Corporation, it has generally remained within a reasonable range, indicating that the company is effectively utilizing its assets to generate sales revenue. Monitoring this ratio over time can provide insights into the company's operational efficiency and effectiveness in managing its assets.
Peer comparison
Mar 31, 2024