Salesforce.com Inc (CRM)

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	34,869,000	33,714,000	32,766,000	31,966,000	31,213,000	30,389,000	30,006,000	29,252,000	28,129,000	26,979,000	24,988,000	23,197,000	22,027,000	20,756,000	19,969,000	18,704,000	17,469,000	16,221,000	14,952,000	14,307,000
Total assets	US$ in thousands	99,823,000	91,022,000	92,447,000	93,541,000	98,849,000	91,884,000	94,148,000	93,022,000	95,209,000	87,436,000	88,658,000	64,885,000	66,301,000	59,136,000	57,780,000	53,623,000	55,126,000	49,942,000	33,336,000	33,154,000
Total asset turnover		0.35	0.37	0.35	0.34	0.32	0.33	0.32	0.31	0.30	0.31	0.28	0.36	0.33	0.35	0.35	0.35	0.32	0.32	0.45	0.43

January 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $34,869,000K ÷ $99,823,000K
= 0.35

Salesforce Inc's total asset turnover ratio has exhibited fluctuations over the past eight quarters, ranging from 0.30 to 0.37. The ratio measures how efficiently the company generates revenue from its total assets, with a higher ratio indicating better asset utilization.

In Q4 2024, the total asset turnover ratio was 0.35, showing a slight decline from the previous quarter. Despite this, the ratio remains relatively stable around the range of 0.32 to 0.37 over the recent quarters, suggesting consistent effectiveness in utilizing its assets to generate sales.

Overall, the company maintains a reasonable level of efficiency in converting its assets into revenue, as reflected by the total asset turnover ratios observed in the given periods. Further analysis and comparison with industry benchmarks can provide deeper insights into Salesforce Inc's operational performance and asset management strategies.