Cognizant Technology Solutions Corp Class A (CTSH)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,736,000 | 19,412,000 | 19,265,000 | 19,301,000 | 19,353,000 | 19,434,000 | 19,394,000 | 19,414,000 | 19,428,000 | 19,366,000 | 19,253,000 | 18,932,000 | 18,507,000 | 17,914,000 | 17,413,000 | 16,828,000 | 16,652,000 | 16,752,000 | 16,757,000 | 16,898,000 |
| Total assets | US$ in thousands | 19,966,000 | 20,164,000 | 18,580,000 | 18,408,000 | 18,483,000 | 18,079,000 | 17,967,000 | 18,147,000 | 17,852,000 | 17,347,000 | 17,258,000 | 17,434,000 | 17,852,000 | 17,232,000 | 16,829,000 | 16,660,000 | 16,923,000 | 18,787,000 | 18,216,000 | 17,429,000 |
| Total asset turnover | 0.99 | 0.96 | 1.04 | 1.05 | 1.05 | 1.07 | 1.08 | 1.07 | 1.09 | 1.12 | 1.12 | 1.09 | 1.04 | 1.04 | 1.03 | 1.01 | 0.98 | 0.89 | 0.92 | 0.97 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,736,000K ÷ $19,966,000K
= 0.99
Total asset turnover is a key financial ratio that measures a company's ability to generate revenue relative to its total assets. By analyzing the data provided for Cognizant Technology Solutions Corp Class A, we can see that the total asset turnover ratio has fluctuated over the years.
From March 31, 2020, to December 31, 2024, the total asset turnover ratio ranged from 0.89 to 1.12. The ratio indicates that, on average, the company generated revenue equivalent to approximately 0.89 to 1.12 times its total assets during these periods.
A higher total asset turnover ratio generally suggests that the company is more efficient in utilizing its assets to generate revenue. An increasing trend in this ratio, as seen in the data for Cognizant Technology Solutions Corp Class A, can be a positive sign of improving operational efficiency and productivity.
While there were some fluctuations in the total asset turnover ratio over the years, the overall trend shows an improvement from 0.89 in September 30, 2020, to 0.99 in December 31, 2024.
It is important for investors and analysts to monitor the total asset turnover ratio over time to assess the company's efficiency in utilizing its assets and generating revenue.
Peer comparison
Dec 31, 2024