Cognizant Technology Solutions Corp Class A (CTSH)

Total asset turnover

		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	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	16,783,000	16,628,000	16,458,000	16,323,000
Total assets	US$ in thousands	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	16,204,000	15,844,000	15,517,000	16,096,000
Total asset turnover		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	1.04	1.05	1.06	1.01

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,353,000K ÷ $18,483,000K
= 1.05

Cognizant Technology Solutions Corp.'s total asset turnover has been relatively stable over the past eight quarters, ranging from 1.05 to 1.12. The total asset turnover ratio measures the efficiency with which the company utilizes its assets to generate revenue. A total asset turnover above 1 indicates that the company is generating more revenue per dollar of assets, which is generally seen as positive.

In the most recent quarter, Q4 2023, the total asset turnover was 1.05, indicating that the company generated $1.05 in revenue for each dollar of assets. While this ratio is slightly lower compared to the previous quarters, it is still within a reasonable range and suggests that Cognizant is efficiently utilizing its assets to generate revenue.

Overall, Cognizant Technology Solutions Corp. has maintained a consistent total asset turnover performance, which indicates sound asset management and efficient use of resources to drive revenue generation.