John Wiley & Sons (WLY)
Total asset turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,870,880 | 1,983,820 | 2,059,930 | 1,931,900 | 1,810,000 |
| Total assets | US$ in thousands | 2,725,500 | 3,108,810 | 3,361,700 | 3,446,440 | 3,168,790 |
| Total asset turnover | 0.69 | 0.64 | 0.61 | 0.56 | 0.57 |
April 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,870,880K ÷ $2,725,500K
= 0.69
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates better asset utilization.
In the case of John Wiley & Sons, the total asset turnover has been steadily improving over the past five years. The ratio has increased from 0.57 in April 2020 to 0.69 in April 2024. This indicates that the company has been more effective in utilizing its assets to generate sales revenue over the years.
The improvement in total asset turnover suggests that John Wiley & Sons has been able to increase its sales relative to the size of its asset base. This could be due to better inventory management, more efficient use of fixed assets, or improved overall operational performance.
Overall, the trend of increasing total asset turnover for John Wiley & Sons is a positive indication of the company's improving efficiency in asset utilization and revenue generation. It shows that the company is becoming more effective in generating sales relative to its total asset base.
Peer comparison
Apr 30, 2024