Bill Com Holdings Inc (BILL)

Total asset turnover

Dec 31, 2024 Sep 30, 2024 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 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Revenue (ttm) US$ in thousands 1,439,779 1,355,107 1,301,692 1,223,809 1,174,032 1,116,878 1,043,850 950,074 846,224 743,769 631,307 499,570 382,756 278,740 210,162 186,256 179,613 168,555
Total assets US$ in thousands 9,674,210 9,045,060 9,178,810 9,122,260 9,872,410 9,620,380 9,636,020 9,380,880 9,738,270 9,253,100 9,256,030 9,183,840 9,510,960 8,564,200 5,969,170 3,800,160 4,082,420 2,479,210
Total asset turnover 0.15 0.15 0.14 0.13 0.12 0.12 0.11 0.10 0.09 0.08 0.07 0.05 0.04 0.03 0.04 0.05 0.04 0.07

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,439,779K ÷ $9,674,210K
= 0.15

The total asset turnover of Bill Com Holdings Inc has shown improvement over the period from September 30, 2020, to December 31, 2024. The ratio increased from 0.07 in September 2020 to 0.15 in December 2024. This indicates that the company generated $0.15 in revenue for every dollar of assets it held at the end of 2024, highlighting an efficient utilization of its assets to generate sales. The continuous increase in the total asset turnover ratio suggests that the company has been effectively managing its assets to drive higher sales and revenue growth over the period under review.