Electronic Arts Inc (EA)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,562,000 | 7,426,000 | 6,991,000 | 5,629,000 | 5,537,000 |
| Total assets | US$ in thousands | 13,420,000 | 13,459,000 | 13,800,000 | 13,288,000 | 11,112,000 |
| Total asset turnover | 0.56 | 0.55 | 0.51 | 0.42 | 0.50 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,562,000K ÷ $13,420,000K
= 0.56
The total asset turnover of Electronic Arts Inc has shown a steady improvement over the past five years. The ratio increased from 0.50 in 2020 to 0.56 in 2024, indicating that the company generated $0.56 in revenue for every $1 of total assets in 2024. This suggests that Electronic Arts Inc has been more efficient in utilizing its assets to generate sales over the years. The upward trend in total asset turnover reflects positively on the company's operational efficiency and ability to effectively manage its assets to generate revenue. It indicates that Electronic Arts Inc has been successful in utilizing its assets to drive sales growth and improve its overall financial performance.
Peer comparison
Mar 31, 2024