Vestis Corporation (VSTS)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,800,900 | 2,825,290 | 2,687,000 | 2,456,580 | 2,562,000 |
| Total assets | US$ in thousands | 2,932,390 | 3,157,120 | 3,133,010 | 3,108,380 | — |
| Total asset turnover | 0.96 | 0.89 | 0.86 | 0.79 | — |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,800,900K ÷ $2,932,390K
= 0.96
The total asset turnover of Vestis Corporation has exhibited a positive trend over the past five years, indicating the company's efficiency in generating sales revenue from its total assets. The ratio has increased steadily from 0.79 in 2021 to 0.96 in 2024. This improvement suggests that Vestis Corporation has been utilizing its assets more effectively to drive sales growth and maximize operational efficiency. A higher total asset turnover ratio signifies that the company is efficiently leveraging its assets to generate revenue, which can be a positive indicator of management's effectiveness in utilizing resources. Overall, the increasing trend in total asset turnover reflects improved efficiency and productivity in Vestis Corporation's asset management over the years.
Peer comparison
Sep 30, 2024