Walgreens Boots Alliance Inc (WBA)
Total asset turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 149,391,000 | 140,471,000 | 132,961,000 | 131,917,000 | 138,974,000 |
| Total assets | US$ in thousands | 81,037,000 | 96,628,000 | 90,124,000 | 81,285,000 | 87,174,000 |
| Total asset turnover | 1.84 | 1.45 | 1.48 | 1.62 | 1.59 |
August 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $149,391,000K ÷ $81,037,000K
= 1.84
The total asset turnover ratio for Walgreens Boots Alliance Inc has shown fluctuations over the past five years. In 2024, the total asset turnover ratio was 1.84, indicating that the company generated $1.84 in sales for every $1 of total assets. This represents an improvement compared to the previous year where the ratio was 1.45, suggesting better efficiency in utilizing its assets to generate revenue.
However, it is worth noting that the total asset turnover ratio in 2024 is higher than in 2022 and 2021, where it was 1.48 and 1.62 respectively. This could potentially indicate that Walgreens Boots Alliance Inc was more efficient in generating sales from its total assets in 2024 compared to the previous years.
Overall, the trend in total asset turnover for Walgreens Boots Alliance Inc shows some variability but indicates that the company has been effectively using its assets to drive revenue generation, with the ratio consistently above 1.
Peer comparison
Aug 31, 2024