CACI International Inc (CACI)

Total asset turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	7,660,210	7,220,080	7,030,990	6,854,040	6,619,030	6,571,140	6,425,340	6,270,640	6,161,570	6,094,170	6,062,320	6,047,260	6,016,410	5,947,990	5,856,550	5,778,030	5,675,420	5,553,720	5,353,600	5,144,630
Total assets	US$ in thousands	6,796,100	6,804,380	6,658,440	6,737,470	6,600,810	6,651,560	6,554,550	6,524,880	6,629,430	6,576,750	6,750,690	6,179,310	6,172,370	5,970,420	5,851,480	5,950,370	5,542,470	5,546,480	5,526,700	5,438,180
Total asset turnover		1.13	1.06	1.06	1.02	1.00	0.99	0.98	0.96	0.93	0.93	0.90	0.98	0.97	1.00	1.00	0.97	1.02	1.00	0.97	0.95

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,660,210K ÷ $6,796,100K
= 1.13

Total asset turnover measures a company's ability to generate revenue from its assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales. Looking at the data for CACI International Inc, the total asset turnover ratio has fluctuated over the past several quarters, ranging from 0.90 to 1.13.

The trend shows that the total asset turnover ratio has generally been increasing, peaking at 1.13 in June 2024. This improvement may suggest that the company is becoming more effective in generating revenue from its assets. However, it is important to note that the ratio dipped slightly in the following quarter to 1.06.

Overall, the increasing trend in the total asset turnover ratio indicates that CACI International Inc has been improving its efficiency in utilizing its assets to generate sales over the given period. This could be a positive sign for the company's operational performance and financial health.