Universal Corporation (UVV)
Total asset turnover
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,947,284 | 3,015,865 | 2,900,179 | 2,827,901 | 2,748,573 | 2,671,692 | 2,645,224 | 2,657,724 | 2,569,824 | 2,522,818 | 2,380,423 | 2,183,394 | 2,103,601 | 2,074,218 | 2,094,505 | 2,017,575 | 1,983,357 | 1,997,861 | 1,829,979 | 1,928,875 |
| Total assets | US$ in thousands | 2,989,550 | 3,040,420 | 3,045,590 | 3,032,970 | 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 |
| Total asset turnover | 0.99 | 0.99 | 0.95 | 0.93 | 0.94 | 0.94 | 0.92 | 0.92 | 0.97 | 0.91 | 0.85 | 0.79 | 0.81 | 0.80 | 0.86 | 0.84 | 0.85 | 0.84 | 0.82 | 0.92 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,947,284K ÷ $2,989,550K
= 0.99
Total asset turnover is a crucial financial ratio that measures a company's efficiency in generating sales revenue relative to its total assets. For Universal Corporation, the trend in total asset turnover from June 30, 2020, to March 31, 2025, shows some fluctuations.
The ratio started at 0.92 on June 30, 2020, indicating that for every dollar of assets, Universal generated $0.92 in sales. The ratio then decreased to 0.82 by September 30, 2020, before gradually recovering to 0.99 by March 31, 2025, representing an improvement in efficiency over the period.
Throughout the quarters, the total asset turnover ratio fluctuated within a range, with some quarters showing slight increases and decreases. Generally, a higher total asset turnover ratio indicates more efficient utilization of assets to generate revenues, while a lower ratio may suggest underutilization of assets or challenges in generating sales.
It is important for Universal Corporation to closely monitor this ratio and investigate the factors influencing these fluctuations to optimize asset management and enhance overall operational efficiency.
Peer comparison
Mar 31, 2025