Walgreens Boots Alliance Inc (WBA)
Total asset turnover
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 136,337,000 | 135,825,000 |
| Total assets | US$ in thousands | 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 | 67,598,000 | 68,586,000 |
| Total asset turnover | 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 | 2.02 | 1.98 |
February 29, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $144,409,000K ÷ $84,207,000K
= 1.71
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue relative to its total assets. Walgreens Boots Alliance Inc's total asset turnover has shown some variability over the periods provided. The ratio has fluctuated between 1.33 and 2.02, with an average of approximately 1.54.
A higher total asset turnover indicates that the company is effectively utilizing its assets to generate sales. In the case of Walgreens Boots Alliance Inc, the ratio has generally been above 1, indicating that the company is efficiently using its assets to generate sales revenue.
However, it is important to note that a very high total asset turnover ratio may also indicate that the company is operating with low margins or selling a high volume of low-priced products.
Overall, the trend in Walgreens Boots Alliance Inc's total asset turnover suggests that the company has been able to effectively generate sales revenue relative to its total assets over the periods analyzed. Additional analysis would be beneficial to understand the factors driving the fluctuations in the ratio and to assess the company's overall financial performance and asset utilization efficiency.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Total Asset Turnover (Quarterly Data)