Hollysys Automation Technologies Ltd 's asset turnover ratio, the ratio that measures the ability of Hollysys Automation Technologies Ltd 's assets to generate revenue, sequentially decreased to 0.46 in the fourth quarter (Jun 30 2023), which does not come as a surprise, as the Hollysys Automation Technologies Ltd continue to experience difficult business climate.

Within sector 6 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the fourth quarter 2023 compared to the preceding quarter from 0 to 611.

Asset Turnover Ratio Definition

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HOLI Asset Turnover Ratio	(Jun 30 2023) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Jun 30 2022) IV. Quarter
Y / Y Asset Change	75.87 %	26.58 %	-21.24 %	35.38 %	-39.8 %
Y / Y Revenue Change	10.26 %	-	-	-	19.26 %
Asset Turnover Ratio (TTM)	0.46	-	-	-	0.52
HOLI's Total Ranking	# 611	# 0	# 3577	# 2333	# 0
Seq. Asset Change	0 %	34.44 %	-25.65 %	75.94 %	-28.02 %
Seq. Revenue Change	-	-	-	-	-

Asset Turnover Ratio Company Ranking
Within:	No.
Industrial Machinery and Components Industry	# 7
Capital Goods Sector	# 35
Overall Market	# 611

Asset Turnover Ratio Statistics
High	Average	Low
24.32	14.19	7.07
(Jun 30 2023)		(Jun 30 2021)

HOLI Company Profile • Back to HOLI Efficiency Comparisons • Compare HOLI Asset Turnover Ratio to its Competitors

Companies with similar Asset Turnover Ratio for the quarter ending Jun 30 2023, within Capital Goods Sector	Asset Turnover Ratio	Revenues for 12 Months ending Jun 30 2023	Assets at quarter ending Jun 30 2023
Aar Corp	1.18	$ 1,990.500 Millions	$ 1,688.050 Millions
Acme United Corp	1.17	$ 193.030 Millions	$ 164.539 Millions
Kbr Inc	1.17	$ 6,690.000 Millions	$ 5,735.750 Millions
Alamo Group Inc	1.16	$ 1,607.862 Millions	$ 1,380.818 Millions
Powell Industries Inc	1.16	$ 653.343 Millions	$ 561.239 Millions
Manitex International Inc	1.16	$ 284.663 Millions	$ 244.700 Millions
Championx Corp	1.15	$ 3,882.363 Millions	$ 3,361.859 Millions
Willdan Group inc	1.15	$ 456.335 Millions	$ 398.243 Millions
Pultegroup Inc	1.14	$ 16,879.588 Millions	$ 14,766.329 Millions
Mind Technology Inc	1.14	$ 38.627 Millions	$ 33.797 Millions
Mi Homes Inc	1.14	$ 4,244.471 Millions	$ 3,731.739 Millions
Fluence Energy Inc	1.13	$ 1,986.448 Millions	$ 1,750.908 Millions
D r Horton Inc	1.11	$ 34,595.800 Millions	$ 31,049.025 Millions
Lead Real Estate Co Ltd	1.10	$ 116.515 Millions	$ 105.647 Millions
Topbuild Corp	1.10	$ 5,147.579 Millions	$ 4,667.952 Millions
Hovnanian Enterprises Inc	1.10	$ 2,755.772 Millions	$ 2,500.433 Millions
Tennant Co	1.10	$ 1,181.200 Millions	$ 1,074.800 Millions
Distribution Solutions Group Inc	1.10	$ 1,438.463 Millions	$ 1,311.690 Millions
Jacobs Solutions Inc	1.08	$ 15,942.013 Millions	$ 14,815.042 Millions
Perma pipe International Holdings Inc	1.07	$ 138.465 Millions	$ 129.219 Millions
The Eastern Company	1.07	$ 279.447 Millions	$ 262.190 Millions
Hudson Technologies Inc	1.06	$ 304.619 Millions	$ 286.979 Millions
Kb Home	1.05	$ 6,934.555 Millions	$ 6,594.909 Millions
Beazer Homes Usa Inc	1.05	$ 2,385.468 Millions	$ 2,272.655 Millions
Urban Gro Inc	1.05	$ 64.336 Millions	$ 61.470 Millions
Illinois Tool Works Inc	1.03	$ 16,075.000 Millions	$ 15,555.250 Millions
Tri Pointe Homes Inc	1.03	$ 4,848.163 Millions	$ 4,691.444 Millions
Century Communities Inc	1.03	$ 3,920.605 Millions	$ 3,805.864 Millions
Green Brick Partners Inc	1.03	$ 1,747.383 Millions	$ 1,699.110 Millions
Array Technologies Inc	1.02	$ 1,800.910 Millions	$ 1,758.708 Millions

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