WD-40 Company (WDFC)
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 | 587,047 | 570,084 | 555,159 | 545,753 | 531,830 | 524,985 | 507,863 | 508,545 | 517,038 | 501,187 | 514,594 | 497,126 | 488,109 | 484,515 | 446,357 | 434,501 | 408,498 | 403,596 | 419,338 | 420,624 |
| Total assets | US$ in thousands | 449,039 | 443,610 | 442,021 | 430,606 | 437,966 | 438,050 | 450,337 | 441,493 | 434,295 | 429,123 | 423,146 | 421,439 | 430,203 | 427,887 | 405,987 | 386,398 | 362,637 | 385,951 | 333,331 | 317,491 |
| Total asset turnover | 1.31 | 1.29 | 1.26 | 1.27 | 1.21 | 1.20 | 1.13 | 1.15 | 1.19 | 1.17 | 1.22 | 1.18 | 1.13 | 1.13 | 1.10 | 1.12 | 1.13 | 1.05 | 1.26 | 1.32 |
August 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $587,047K ÷ $449,039K
= 1.31
Total asset turnover for WD-40 Company has been relatively stable over the past few years, ranging between 1.05 and 1.32. The ratio indicates that the company generates sales revenue efficiently from its total assets. A higher total asset turnover ratio typically signifies better asset utilization efficiency, as the company is generating more revenue per dollar invested in assets. However, it is important to consider industry benchmarks and trends over time to fully assess the company's efficiency in utilizing its assets to generate sales. WD-40 Company's total asset turnover appears to be healthy based on the historical data provided.
Peer comparison
Aug 31, 2024