Agilysys Inc (AGYS)

Total asset turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	238,118	198,854	163,406	137,285	160,748
Total assets	US$ in thousands	350,430	243,036	214,162	189,873	154,562
Total asset turnover		0.68	0.82	0.76	0.72	1.04

March 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $238,118K ÷ $350,430K
= 0.68

Agilysys Inc's total asset turnover has shown fluctuations over the past five years. The ratio declined from 1.04 in 2020 to 0.68 in 2024, indicating a decrease in the company's ability to generate sales from its assets efficiently. This may suggest that Agilysys Inc is becoming less effective in utilizing its assets to generate revenue. However, it is important to note that the total asset turnover ratios for the years 2021 to 2023 were relatively stable, ranging between 0.72 and 0.82. Overall, a decreasing trend in total asset turnover may raise concerns about the company's operational efficiency and asset utilization.