Sprinklr Inc (CXM)
Total asset turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 732,360 | 618,190 | 489,128 |
| Total assets | US$ in thousands | 1,223,110 | 1,024,990 | 920,046 |
| Total asset turnover | 0.60 | 0.60 | 0.53 |
January 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $732,360K ÷ $1,223,110K
= 0.60
Total Asset Turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its assets. In the case of Sprinklr Inc, the total asset turnover ratio has remained relatively stable over the past three years, standing at 0.60 for both January 31, 2024, and January 31, 2023, and slightly lower at 0.53 for January 31, 2022.
A total asset turnover ratio of 0.60 indicates that for every dollar of assets the company holds, it generates $0.60 in sales revenue. This implies that Sprinklr Inc may not be fully maximizing the utilization of its assets to generate revenue efficiently. However, it is positive to see a consistent ratio over the years, indicating a certain level of stability in the company's asset management practices.
It is important for Sprinklr Inc to closely monitor and potentially improve its total asset turnover ratio to ensure optimal utilization of its assets and improve overall operational efficiency. Increasing this ratio could lead to higher revenue generation from the existing asset base, which can positively impact the company's profitability and financial performance.
Peer comparison
Jan 31, 2024