DXC Technology Co (DXC)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,667,000 | 14,430,000 | 16,265,000 | 17,729,000 | 19,577,000 |
| Total assets | US$ in thousands | 13,871,000 | 15,845,000 | 20,139,000 | 22,038,000 | 26,006,000 |
| Total asset turnover | 0.99 | 0.91 | 0.81 | 0.80 | 0.75 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,667,000K ÷ $13,871,000K
= 0.99
The total asset turnover ratio for DXC Technology Co has been steadily increasing over the past five years, indicating the company's ability to generate more revenue per dollar of assets. This suggests that DXC has been more effective in utilizing its assets to generate sales, which is a positive signal for investors as it reflects improved efficiency in the company's operations. The consistent improvement in total asset turnover ratio signifies better management of assets and stronger operational performance over the period under review. Overall, the increasing trend in total asset turnover for DXC Technology Co reflects positively on the company's operational efficiency and effectiveness in utilizing its assets to drive revenue growth.
Peer comparison
Mar 31, 2024