DocuSign Inc (DOCU)

Total asset turnover

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	US$ in thousands	2,976,740	2,755,040	2,509,530	2,100,770	1,390,400
Total assets	US$ in thousands	4,012,700	2,971,290	3,012,720	2,541,260	2,336,510
Total asset turnover		0.74	0.93	0.83	0.83	0.60

January 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,976,740K ÷ $4,012,700K
= 0.74

The total asset turnover for DocuSign Inc has shown fluctuations over the period from January 31, 2021, to January 31, 2025. In January 31, 2021, the total asset turnover was 0.60, indicating that the company generated $0.60 in revenue for every $1 of assets it held.

Subsequently, there was an improvement in the total asset turnover ratio to 0.83 in January 31, 2022, and this level was maintained in January 31, 2023. This increase suggests that DocuSign became more efficient in utilizing its assets to generate revenue during these years.

In January 31, 2024, the total asset turnover ratio further improved to 0.93, reflecting a continued enhancement in asset utilization and revenue generation efficiency. However, in January 31, 2025, the ratio declined to 0.74, indicating a relative decrease in the company's ability to generate revenue from its total assets compared to the previous year.

Overall, the trend in DocuSign Inc's total asset turnover indicates varying levels of efficiency in utilizing its assets to generate revenue over the years, with notable improvements in certain periods and a slight decline in the most recent year. It is essential for the company to continue monitoring and managing its asset turnover to ensure optimal utilization and sustainable revenue generation.