Ats Common Shares(Ats) Financials: Total Asset Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - total asset turnover
This chart shows the historical trend of total asset turnover for ATS compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Total Asset Turnover
Definition: Total asset turnover measures how efficiently the company generates sales from its entire asset base. A high turnover means the company gets a lot of sales out of relatively fewer assets — very efficient. A low turnover may suggest underused assets or bloated balance sheets.
Interpretation:
• In '2022', ATS's total asset turnover was 0.71, reflecting overall efficiency in utilizing assets. Industry average for Industrial Machinery/Components in '2022' stood at 0.68.
• In '2023', ATS's total asset turnover was 0.78, reflecting overall efficiency in utilizing assets. The increase since '2022' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2023' stood at 0.67. Industry average declined by 0.01 from previous year.
• In '2024', ATS's total asset turnover was 0.79, reflecting overall efficiency in utilizing assets. The increase since '2023' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2024' stood at 0.64. Industry average declined by 0.03 from previous year.
• In '2025', ATS's total asset turnover was 0.58, reflecting overall efficiency in utilizing assets. The decline from '2024' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2025' stood at 0.86. Industry average increased by 0.21 compared to previous year.
Overall, ATS's total asset turnover has consistently declined during the past 4 years.
Formula: Total Asset Turnover = Net Sales / Total Assets
Good Range: Ranges from 0.5 to 2 depending on business type.