DXC Technology Co (DXC)
Total asset turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,667,000 | 13,872,000 | 14,039,000 | 14,169,000 | 14,430,000 | 14,847,000 | 15,370,000 | 15,831,000 | 16,265,000 | 16,642,000 | 16,841,000 | 17,368,000 | 17,729,000 | 18,159,000 | 18,892,000 | 19,189,000 | 19,577,000 | 20,042,000 | 20,199,000 | 20,361,000 |
| Total assets | US$ in thousands | 13,871,000 | 14,892,000 | 14,709,000 | 15,293,000 | 15,845,000 | 18,254,000 | 17,737,000 | 18,647,000 | 20,139,000 | 19,953,000 | 20,115,000 | 20,867,000 | 22,038,000 | 23,634,000 | 25,670,000 | 27,894,000 | 26,006,000 | 29,599,000 | 29,516,000 | 32,577,000 |
| Total asset turnover | 0.99 | 0.93 | 0.95 | 0.93 | 0.91 | 0.81 | 0.87 | 0.85 | 0.81 | 0.83 | 0.84 | 0.83 | 0.80 | 0.77 | 0.74 | 0.69 | 0.75 | 0.68 | 0.68 | 0.63 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,667,000K ÷ $13,871,000K
= 0.99
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more efficiently to generate sales.
Based on the data provided for DXC Technology Co, we can observe fluctuations in the total asset turnover ratio over the past few quarters. The total asset turnover ratio has shown some variability, with values ranging from 0.63 to 0.99.
In recent quarters, the total asset turnover ratio has generally been increasing, which suggests that DXC Technology Co has been improving its efficiency in generating revenue from its total assets. This could be indicative of better asset management or increased sales relative to the size of the asset base.
However, it is important to note that while a rising total asset turnover ratio is generally positive, it should be assessed in conjunction with other financial metrics and industry benchmarks to provide a more comprehensive analysis of the company's operational efficiency and financial performance.
Peer comparison
Mar 31, 2024