Bill Com Holdings Inc (BILL)

Total asset turnover

Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Revenue US$ in thousands 1,337,410 1,043,850 633,252 210,162 157,371
Total assets US$ in thousands 9,178,810 9,636,020 9,256,030 5,969,170 2,404,020
Total asset turnover 0.15 0.11 0.07 0.04 0.07

June 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,337,410K ÷ $9,178,810K
= 0.15

Bill Com Holdings Inc's total asset turnover has fluctuated over the past five years. It stood at 0.07 in June 30, 2020, decreased to 0.04 by June 30, 2021, then rebounded to 0.07 by June 30, 2022. The ratio showed a significant improvement to 0.11 by June 30, 2023, and further increased to 0.15 by June 30, 2024. This indicates that the company's ability to generate sales from its total assets has generally improved, with a particularly notable increase in efficiency in the most recent periods.