Box Inc (BOX)

Total asset turnover

Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021
Revenue US$ in thousands 1,090,130 1,037,740 990,874 874,332 770,770
Total assets US$ in thousands 1,667,520 1,241,160 1,207,160 1,392,010 1,351,680
Total asset turnover 0.65 0.84 0.82 0.63 0.57

January 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,090,130K ÷ $1,667,520K
= 0.65

Box Inc's total asset turnover has been gradually increasing over the past five years, starting at 0.57 on January 31, 2021, and rising to 0.65 by January 31, 2025. This indicates that the company is generating more revenue for each dollar of assets it holds. The peak in total asset turnover was seen on January 31, 2024, at 0.84, suggesting that Box Inc efficiently utilizes its assets to drive sales. Overall, the trend in total asset turnover shows positive performance in terms of asset utilization and efficiency.