Sprinklr Inc (CXM)

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
Revenue (ttm)	US$ in thousands	732,360	703,484	674,410	646,575	618,190	588,525	558,330	525,140
Total assets	US$ in thousands	1,223,110	1,087,710	1,072,650	1,024,020	1,024,990	896,995	911,284	900,173	920,046	844,710	851,478
Total asset turnover		0.60	0.65	0.63	0.63	0.60	0.66	0.61	0.58

January 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $732,360K ÷ $1,223,110K
= 0.60

Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.

In the case of Sprinklr Inc, the total asset turnover has fluctuated over the past several quarters, ranging from 0.58 to 0.66. This suggests some variability in how effectively the company is using its assets to generate revenue.

From the data provided, we can see that the total asset turnover peaked at 0.66 in October 2022 and then experienced a slight decline in subsequent quarters. The ratio then increased again to 0.65 in October 2023 before dropping to 0.60 in January 2024.

Overall, the trend indicates that Sprinklr Inc's efficiency in generating revenue from its total assets has shown some variability but has generally remained within a relatively narrow range around 0.60 to 0.66. Further analysis would be needed to determine the underlying factors driving these fluctuations and whether there are areas for improvement in asset utilization efficiency.