Vestis Corporation (VSTS)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,842,513 | 2,825,286 | 2,792,558 | 2,762,895 | |||
| Total assets | US$ in thousands | 3,161,750 | 3,157,120 | 3,169,800 | 3,176,540 | — | 3,133,010 | — |
| Total asset turnover | 0.90 | 0.89 | 0.88 | 0.87 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,842,513K ÷ $3,161,750K
= 0.90
The total asset turnover ratio for Vestis Corporation has been relatively stable over the past year, fluctuating between 0.87 and 0.90. This metric indicates that for each dollar of total assets the company owns, it generates between $0.87 and $0.90 in revenue. A higher total asset turnover ratio is generally preferred as it suggests that the company is more efficient in generating sales from its assets. However, it is essential to consider industry norms and company-specific factors when interpreting this ratio. Overall, Vestis Corporation's total asset turnover ratio appears to be consistent, but further analysis and comparison with industry benchmarks may provide additional insights into its performance.
Peer comparison
Dec 31, 2023