Box Inc (BOX)

Total asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020
Revenue (ttm)	US$ in thousands	1,090,130	1,073,488	1,059,112	1,050,501	1,037,741	1,031,339	1,019,753	1,004,340	990,874	967,759	941,852	910,323	874,332	839,884	811,843	789,650	770,770	755,442	736,595	716,851
Total assets	US$ in thousands	1,667,520	1,354,320	1,120,740	1,176,100	1,241,160	1,033,820	1,068,140	1,108,670	1,207,160	1,056,450	1,066,310	1,171,590	1,392,010	1,405,080	1,525,610	1,310,130	1,351,680	941,561	960,511	948,913
Total asset turnover		0.65	0.79	0.95	0.89	0.84	1.00	0.95	0.91	0.82	0.92	0.88	0.78	0.63	0.60	0.53	0.60	0.57	0.80	0.77	0.76

January 31, 2025 calculation

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

Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its assets. It is calculated by dividing the total revenue by the average total assets. For Box Inc, the total asset turnover has shown some fluctuations over the periods analyzed.

From January 31, 2021, to January 31, 2024, Box Inc experienced a decline in total asset turnover, dropping from 0.57 to 0.84. This suggests that the company was less efficient in utilizing its assets to generate revenue during this period. However, there was a significant improvement in the ratio from January 31, 2024, to October 31, 2024, reaching a peak of 0.95. This indicates that Box Inc became more efficient in generating revenue from its assets during this period.

Overall, the total asset turnover for Box Inc has shown variability but generally trended upwards from January 31, 2021, to January 31, 2025, indicating an improvement in asset utilization efficiency. The ratio reached its highest point of 1.00 on October 31, 2023, which suggests that the company was able to generate $1.00 of revenue for every dollar of assets invested at that time. This indicates a positive trend in the company's ability to generate revenue relative to its asset base.