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.
Peer comparison
Dec 31, 2023