Salesforce.com Inc (CRM)
Total asset turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 38,014,000 | 34,869,000 | 31,213,000 | 28,164,000 | 22,027,000 |
| Total assets | US$ in thousands | 102,928,000 | 99,823,000 | 98,849,000 | 95,209,000 | 66,301,000 |
| Total asset turnover | 0.37 | 0.35 | 0.32 | 0.30 | 0.33 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $38,014,000K ÷ $102,928,000K
= 0.37
The total asset turnover ratio for Salesforce.com Inc has shown some variability over the period from January 31, 2021, to January 31, 2025. The ratio indicates how efficiently the company is using its assets to generate revenue. A higher total asset turnover ratio generally indicates better asset utilization.
From January 31, 2021, to January 31, 2023, the total asset turnover ratio decreased from 0.33 to 0.30, indicating a decline in asset utilization efficiency during this period. However, from January 31, 2023, to January 31, 2025, the ratio gradually improved, reaching 0.37. This suggests that Salesforce.com Inc managed to enhance its asset utilization efficiency and generate more revenue relative to its total assets during this later period.
Overall, the upward trend in the total asset turnover ratio from 0.30 in January 31, 2022, to 0.37 in January 31, 2025, reflects potential improvements in Salesforce.com Inc's ability to generate sales revenue from its total asset base.
Peer comparison
Jan 31, 2025