Woodward Inc (WWD)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,334,880 | 2,865,510 | 2,353,550 | 2,214,170 | 2,467,570 |
| Total assets | US$ in thousands | 4,368,920 | 4,010,200 | 3,806,450 | 4,091,000 | 3,903,340 |
| Total asset turnover | 0.76 | 0.71 | 0.62 | 0.54 | 0.63 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,334,880K ÷ $4,368,920K
= 0.76
Woodward Inc's total asset turnover has shown a fluctuating trend over the past five years, increasing from 0.54 in 2021 to 0.76 in 2024. This ratio indicates that the company generated $0.76 in sales for every $1 of total assets in 2024, reflecting an improvement in efficiency in utilizing its assets to generate revenue. However, it is important to note that there was a significant dip in total asset turnover in 2022 before the subsequent increase in 2023 and 2024. Overall, the upward trend in total asset turnover suggests that Woodward Inc has been more effective in generating sales relative to its total assets in recent years.