Advanced Drainage Systems Inc (WMS)
Total asset turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,904,245 | 2,942,324 | 2,914,153 | 2,911,763 | 2,874,473 | 2,838,192 | 2,830,992 | 2,934,981 | 3,071,121 | 3,131,749 | 3,191,939 | 3,014,201 | 2,769,315 | 2,534,937 | 2,305,725 | 2,143,441 | 1,982,780 | 1,909,739 | 1,817,018 | 1,768,736 |
| Total assets | US$ in thousands | 3,690,360 | 3,602,250 | 3,535,750 | 3,447,540 | 3,314,040 | 3,161,960 | 3,137,970 | 3,048,670 | 2,901,120 | 3,005,660 | 3,177,600 | 3,225,360 | 2,649,760 | 2,555,760 | 2,506,620 | 2,474,620 | 2,413,830 | 2,342,440 | 2,373,370 | 2,415,030 |
| Total asset turnover | 0.79 | 0.82 | 0.82 | 0.84 | 0.87 | 0.90 | 0.90 | 0.96 | 1.06 | 1.04 | 1.00 | 0.93 | 1.05 | 0.99 | 0.92 | 0.87 | 0.82 | 0.82 | 0.77 | 0.73 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,904,245K ÷ $3,690,360K
= 0.79
The total asset turnover of Advanced Drainage Systems Inc has shown a fluctuating trend over the given periods, ranging from 0.73 to 1.06. The total asset turnover ratio measures the efficiency of a company in generating sales revenue from its assets.
In the initial periods, from June 30, 2020, to December 31, 2021, the total asset turnover increased steadily, indicating that the company was utilizing its assets more efficiently to generate sales. This signifies an improvement in the company's operational efficiency and its ability to generate revenue from its total assets.
From March 31, 2022, to June 30, 2023, there was a slight decline in the total asset turnover ratio, which suggests a potential decrease in efficiency in utilizing assets to generate sales during this period.
The ratio then experienced a slight recovery from September 30, 2023, to March 31, 2025, showing relatively stable performance in asset utilization to generate revenue.
Overall, the total asset turnover fluctuated over the periods provided, indicating variations in the company's asset utilization efficiency. It is essential for stakeholders to further analyze the factors influencing these fluctuations to assess the company's operational performance accurately and make informed decisions.