ACI Worldwide Inc (ACIW)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,388,310 | 2,841,610 | 2,707,660 | 2,543,780 | 2,465,550 |
| Total assets | US$ in thousands | 3,444,740 | 3,209,900 | 3,158,740 | 3,386,900 | 3,257,530 |
| Total asset turnover | 0.40 | 0.89 | 0.86 | 0.75 | 0.76 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,388,310K ÷ $3,444,740K
= 0.40
ACI Worldwide Inc's total asset turnover ratio has shown some fluctuations over the past five years. The ratio was at its lowest in 2020 at 0.38 and peaked in 2022 at 0.44, indicating an improvement in the company's efficiency in generating revenue from its assets. However, in 2023, the total asset turnover decreased slightly to 0.42.
A total asset turnover ratio below 1 suggests that ACI Worldwide Inc is not generating a high level of sales from its total assets. This could be due to various reasons such as underutilization of assets, inefficient asset management, or declining sales relative to the value of assets.
Overall, ACI Worldwide Inc's total asset turnover ratio has been relatively stable around the 0.40 range in recent years, suggesting a moderate level of efficiency in utilizing its assets to generate revenue. Tracking this ratio over time can provide valuable insights into the company's operational efficiency and effectiveness in managing its asset base.
Peer comparison
Dec 31, 2023