ACI Worldwide Inc (ACIW)

Total asset turnover

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,388,308	2,788,703	2,737,283	2,762,101	2,803,157	2,771,567	2,784,857	2,746,439	2,707,659	1,253,031	1,260,374	1,267,010	1,281,930	1,289,089	1,328,107	1,325,815	1,240,185	1,178,324	1,068,948	1,006,325
Total assets	US$ in thousands	3,444,740	3,254,830	3,068,890	3,006,800	3,209,900	3,263,140	3,218,670	3,210,440	3,158,740	3,184,490	3,175,180	3,160,200	3,386,900	3,132,430	3,137,580	3,109,900	3,257,530	3,340,760	3,450,320	2,114,140
Total asset turnover		0.40	0.86	0.89	0.92	0.87	0.85	0.87	0.86	0.86	0.39	0.40	0.40	0.38	0.41	0.42	0.43	0.38	0.35	0.31	0.48

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,388,308K ÷ $3,444,740K
= 0.40

ACI Worldwide Inc's total asset turnover has remained relatively stable over the past eight quarters, ranging from 0.42 to 0.46. This ratio indicates that for every dollar of assets the company holds, it generates between $0.42 and $0.46 in revenue. A higher total asset turnover ratio generally suggests that the company is utilizing its assets more efficiently to generate revenue. However, fluctuations in this ratio could be influenced by various factors, such as changes in sales volume, asset management strategies, or pricing strategies. Overall, ACI Worldwide Inc's total asset turnover indicates a moderate level of asset utilization efficiency.