Agilysys Inc (AGYS)

Total asset turnover

		Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	238,116	228,927	218,281	207,406	198,852	192,499	182,035	172,185	163,404	152,529	149,739	146,206	137,288	140,489	145,785	152,147	160,729	157,688	151,737	145,217
Total assets	US$ in thousands	350,430	346,658	255,214	251,347	243,036	246,161	220,766	208,759	214,162	202,338	188,100	189,485	189,873	189,201	173,714	176,103	154,562	171,828	163,795	167,448
Total asset turnover		0.68	0.66	0.86	0.83	0.82	0.78	0.82	0.82	0.76	0.75	0.80	0.77	0.72	0.74	0.84	0.86	1.04	0.92	0.93	0.87

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $238,116K ÷ $350,430K
= 0.68

Agilysys Inc's total asset turnover ratio has fluctuated over the past few quarters, ranging from 0.66 to 1.04. A total asset turnover ratio of less than 1 indicates that the company is generating less in sales compared to its total assets.

The trend shows some variability, with occasional increases and decreases. Generally, a higher ratio is preferred as it signifies that the company is efficiently using its assets to generate revenue.

It is important to further investigate the reasons behind the fluctuations in the total asset turnover ratio to understand the company's operational efficiency and asset utilization. Market conditions, changes in the business environment, or company-specific factors could all contribute to these fluctuations.