Advanced Drainage Systems Inc (WMS)
Total asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,904,240 | 2,874,470 | 3,071,120 | 2,769,320 | 1,982,780 |
| Total assets | US$ in thousands | 3,690,360 | 3,268,910 | 2,901,120 | 2,649,760 | 2,413,830 |
| Total asset turnover | 0.79 | 0.88 | 1.06 | 1.05 | 0.82 |
March 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,904,240K ÷ $3,690,360K
= 0.79
Advanced Drainage Systems Inc's total asset turnover has shown variability over the years. In March 31, 2021, the total asset turnover was 0.82, indicating that the company generated $0.82 in revenue for every dollar of assets it had.
The total asset turnover increased to 1.05 in March 31, 2022, and continued to improve slightly to 1.06 by March 31, 2023. This suggests that the company became more efficient in generating revenue from its total assets during these years.
However, there was a decrease in total asset turnover to 0.88 in March 31, 2024, followed by a further decline to 0.79 in March 31, 2025. These lower ratios indicate that the company may not have been utilizing its assets as effectively to generate revenue during these periods.
Overall, the trend in total asset turnover for Advanced Drainage Systems Inc has been mixed, showing both improvements and declines over the years. Further analysis of the company's operations and asset management strategies would be necessary to fully understand the factors driving these changes.