DocuSign Inc (DOCU)

Total asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	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	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020
Revenue (ttm)	US$ in thousands	2,976,595	2,911,020	2,855,044	2,805,112	2,755,038	2,702,285	2,647,448	2,581,905	2,509,526	2,430,813	2,330,784	2,220,407	2,100,770	1,912,819	1,743,995	1,568,345	1,390,396	1,265,570	1,132,554	1,026,368
Total assets	US$ in thousands	4,012,700	3,770,210	3,753,940	2,926,690	2,971,290	3,337,630	3,267,400	3,129,900	3,012,720	2,731,580	2,667,350	2,574,130	2,541,260	2,410,500	2,355,690	2,297,120	2,336,510	2,051,120	2,053,310	1,921,490
Total asset turnover		0.74	0.77	0.76	0.96	0.93	0.81	0.81	0.82	0.83	0.89	0.87	0.86	0.83	0.79	0.74	0.68	0.60	0.62	0.55	0.53

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,976,595K ÷ $4,012,700K
= 0.74

DocuSign Inc's total asset turnover has shown a gradual increase over the past few years. The ratio increased from 0.53 as of April 30, 2020, to 0.74 as of January 31, 2025, indicating a positive trend in the company's efficiency in generating sales revenue from its total assets.

Throughout the period under review, the total asset turnover ratio fluctuated with some peaks and valleys but generally exhibited an upward trajectory. This suggests that DocuSign has been utilizing its assets more effectively to generate sales, which is a positive indicator of operational efficiency.

The ratio reached its highest point of 0.96 as of April 30, 2024, before experiencing a slight decline in the subsequent periods. The dip in the ratio in the last few data points might require further investigation to understand the underlying factors influencing the company's asset turnover performance.

Overall, DocuSign Inc's total asset turnover trend indicates an improvement in the company's ability to generate revenue from its asset base over time, reflecting positive operational performance and potential effectiveness in asset utilization.