Aspen Technology Inc (AZPN)

Total asset turnover

		Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	1,127,482	1,105,220	1,056,992	1,042,667	1,044,178	1,537,315	1,307,437
Total assets	US$ in thousands	14,071,700	14,109,400	14,227,800	14,240,700	14,486,100	14,566,900	14,900,700	14,971,400	14,969,900	0
Total asset turnover		0.08	0.08	0.07	0.07	0.07	0.11	0.09

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,127,482K ÷ $14,071,700K
= 0.08

Total asset turnover measures the efficiency of a company in generating sales revenue from its total assets. Aspen Technology Inc's total asset turnover has shown some fluctuation over the past few quarters. In the most recent quarter ending June 30, 2024, the total asset turnover was 0.08, which indicates that the company generated $0.08 in revenue for every $1 of total assets.

Comparing this to the previous quarters, there seems to be stability in the total asset turnover ratio, hovering around 0.07 to 0.09. However, it is worth noting the significant increase in the total asset turnover ratio in the quarter ending March 31, 2023, where it spiked to 0.11, reflecting a temporary boost in revenue generation efficiency.

Overall, Aspen Technology Inc's total asset turnover ratio suggests that the company may improve its efficiency in generating revenue from its assets, but further analysis and monitoring are required to assess the sustainability of this performance.