Box Inc (BOX)

Total asset turnover

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Revenue	US$ in thousands	1,040,660	994,397	877,506	773,486	702,138
Total assets	US$ in thousands	1,241,160	1,207,160	1,392,010	1,351,680	959,991
Total asset turnover		0.84	0.82	0.63	0.57	0.73

January 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,040,660K ÷ $1,241,160K
= 0.84

Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. A higher total asset turnover indicates better asset utilization. Box Inc's total asset turnover has fluctuated over the past five years, ranging from 0.57 to 0.84. The increasing trend from 0.57 in Jan 31, 2021, to 0.84 in Jan 31, 2024, indicates improved efficiency in generating revenue from its assets. However, it is important to note that the company's total asset turnover is still relatively low, suggesting potential room for further improvement in asset utilization efficiency. Further analysis of Box Inc's operational and financial strategies may reveal insights into enhancing asset turnover for sustainable growth and profitability.