Box Inc (BOX)

Total asset turnover

		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	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	1,040,660	1,034,032	1,022,661	1,007,585	994,399	970,516	944,382	913,066	877,507	844,717	816,408	793,107	773,486	759,422	740,713	721,926	700,057	682,054	660,627	636,568
Total assets	US$ in thousands	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	959,991	843,918	827,316	825,721
Total asset turnover		0.84	1.00	0.96	0.91	0.82	0.92	0.89	0.78	0.63	0.60	0.54	0.61	0.57	0.81	0.77	0.76	0.73	0.81	0.80	0.77

January 31, 2024 calculation

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

Total asset turnover measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate sales. Box Inc's total asset turnover has fluctuated over the past few quarters, ranging from 0.54 to 1.00.

In the most recent quarter, ending January 31, 2024, Box Inc's total asset turnover was 0.84, showing that the company generated $0.84 in sales for every dollar of total assets. This is a decrease from the previous quarter's ratio of 1.00. Despite the slight reduction, the company's performance in utilizing its assets to generate sales remains relatively stable.

Looking at the trend over the past few quarters, Box Inc's total asset turnover has shown some variability but generally maintained above 0.70. This indicates that the company has been quite efficient in generating sales compared to its asset base. However, there have been periods of lower ratios, such as in the first quarter of 2022 when the ratio dropped to 0.54, suggesting potential inefficiencies in asset utilization at that time.

Overall, Box Inc's total asset turnover ratio has exhibited fluctuations but has generally demonstrated efficient asset utilization, which is a positive indicator for the company's operational performance.