Walgreens Boots Alliance Inc (WBA)
Total asset turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 148,445,000 | 145,518,000 | 144,409,000 | 142,217,000 | 139,712,000 | 136,739,000 | 133,981,000 | 132,914,000 | 132,484,000 | 134,297,000 | 135,290,000 | 134,271,000 | 136,618,000 | 137,102,000 | 138,097,000 | 141,108,000 | 139,109,000 | 138,317,000 | 138,220,000 | 136,893,000 |
| Total assets | US$ in thousands | 81,037,000 | 82,985,000 | 84,207,000 | 97,823,000 | 96,628,000 | 98,605,000 | 100,479,000 | 92,875,000 | 90,124,000 | 92,759,000 | 92,683,000 | 96,507,000 | 81,285,000 | 91,920,000 | 90,920,000 | 89,167,000 | 87,174,000 | 86,444,000 | 90,003,000 | 90,807,000 |
| Total asset turnover | 1.83 | 1.75 | 1.71 | 1.45 | 1.45 | 1.39 | 1.33 | 1.43 | 1.47 | 1.45 | 1.46 | 1.39 | 1.68 | 1.49 | 1.52 | 1.58 | 1.60 | 1.60 | 1.54 | 1.51 |
August 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $148,445,000K ÷ $81,037,000K
= 1.83
Total asset turnover is a key efficiency ratio that measures how effectively Walgreens Boots Alliance Inc generates revenue from its assets. The trend analysis of total asset turnover over the past 20 quarters shows fluctuations but generally indicates an efficient use of assets to generate sales.
With a high of 1.83 in August 2024 and a low of 1.33 in February 2023, the company's ability to generate revenue from its total assets has shown variability. However, the ratio has generally been above 1.0, indicating that Walgreens Boots Alliance Inc is effectively utilizing its assets to generate sales.
The upward trend observed in recent quarters, with total asset turnover ranging from 1.71 to 1.83, suggests that the company has been improving its efficiency in utilizing assets to drive revenue. This improvement is a positive sign of operational effectiveness and could indicate better management of assets or improved sales performance.
Overall, the trend in total asset turnover for Walgreens Boots Alliance Inc over the analyzed period indicates a generally efficient use of assets to generate sales, with recent quarters showing signs of improvement in asset utilization efficiency.
Peer comparison
Aug 31, 2024
See also:
Walgreens Boots Alliance Inc Total Asset Turnover (Quarterly Data)