Bill Com Holdings Inc (BILL)

Total asset turnover

		Jun 30, 2025	Mar 31, 2025	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	1,462,570	1,422,886	1,387,697	1,343,638	1,290,173	1,242,491	1,192,018	1,133,529	1,058,468	962,706	857,062	753,534	640,013	518,065	410,892	308,459	238,265	202,102	183,594	168,629
Total assets	US$ in thousands	10,064,000	9,632,640	9,674,210	9,045,060	9,303,690	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	0.15	0.14	0.14	0.12	0.12	0.11	0.10	0.09	0.08	0.07	0.06	0.04	0.04	0.04	0.05	0.04	0.07

June 30, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,462,570K ÷ $10,064,000K
= 0.15

The analysis of Bill Com Holdings Inc.'s total asset turnover ratio over the specified period reveals a consistent upward trend, reflecting progressive improvements in asset utilization efficiency.

From September 30, 2020, to December 31, 2020, the ratio declined markedly from 0.07 to 0.04, indicating a decrease in sales generated per dollar of total assets during that quarter. This initial decline may suggest challenges in asset efficiency or market conditions impacting revenue productivity.

Subsequently, the ratio experienced relatively minor fluctuations, remaining relatively stable at approximately 0.04 to 0.05 through March 31, 2021, and June 30, 2021, with a slight uptick back to 0.06 by March 31, 2022. These modest movements suggest an era of stability in asset utilization amidst potentially stagnant sales relative to asset base.

Starting from the March 31, 2022 period, a steady growth pattern becomes evident, with the ratio increasing to 0.07 by June 30, 2022, and further to 0.08 by September 30, 2022. This positive trajectory continues into the future periods, with the ratio reaching 0.09 at the end of 2022 and 0.10 by March 2023, indicating improved efficiency in leveraging assets to generate revenue.

The upward momentum persists into 2024, with the ratio reaching 0.12 by December 2023 and displaying a consistent increase to 0.15 by March 2025. This sustained growth suggests that Bill Com Holdings Inc. has been increasingly effective in utilizing its assets to produce sales, reflecting operational improvements or strategic asset management.

Overall, the trajectory of the total asset turnover ratio indicates a gradual but persistent enhancement in asset efficiency over the analyzed period. The initial decline was followed by a phase of stability, and beginning in early 2022, a clear upward trend signifies an improving ability to generate sales from the company's asset base, which may be indicative of strategic initiatives, operational efficiencies, or favorable market conditions.