Aspen Technology Inc (AZPN)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 1,127,480 | 1,044,180 | 482,311 |
| Total assets | US$ in thousands | 14,071,700 | 14,486,100 | 14,969,900 |
| Total asset turnover | 0.08 | 0.07 | 0.03 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,127,480K ÷ $14,071,700K
= 0.08
Total asset turnover measures the efficiency with which a company utilizes its assets to generate revenue. Aspen Technology Inc's total asset turnover has shown an increasing trend over the three years analyzed, from 0.03 in June 2022 to 0.08 in June 2024. This indicates that the company has been more effective in generating revenue from its assets over the period.
A total asset turnover ratio of 0.08 as of June 30, 2024 means that for every dollar of assets, Aspen Technology Inc generates $0.08 in revenue. This suggests that the company is efficiently using its assets to generate sales. It is important for investors and stakeholders to monitor this ratio over time to assess the company's operational efficiency and asset management.
Peer comparison
Jun 30, 2024