Bill Com Holdings Inc (BILL)
Total asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,462,570 | 1,290,170 | 1,058,470 | 641,959 | 238,265 |
| Total assets | US$ in thousands | 10,064,000 | 9,178,810 | 9,636,020 | 9,256,030 | 5,969,170 |
| Total asset turnover | 0.15 | 0.14 | 0.11 | 0.07 | 0.04 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,462,570K ÷ $10,064,000K
= 0.15
The total asset turnover ratio of Bill Com Holdings Inc. demonstrates a consistent upward trend over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the ratio increased from 0.04 in 2021 to 0.07 in 2022, indicating improved efficiency in utilizing total assets to generate sales. This upward trajectory continued through 2023, reaching 0.11, and persisted into 2024 with a ratio of 0.14. By June 30, 2025, the ratio further advanced to 0.15, reflecting a steady enhancement in asset utilization efficiency.
This progressive increase suggests that the company has been increasingly effective at generating sales relative to its total assets over the observed period. The trend signifies potential improvements in operational efficiency, asset management, or strategic initiatives aimed at optimizing asset deployment. The continuous growth in the total asset turnover ratio implies better utilization of assets to produce revenue, which may positively influence overall financial performance and profitability margins in subsequent periods.
Peer comparison
Jun 30, 2025