Electronic Arts Inc (EA)

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	7,562,000	7,657,000	7,593,000	7,583,000	7,426,000	7,377,000	7,285,000	7,207,000	6,991,000	6,512,000	6,396,000	5,721,000	5,629,000	5,670,000	5,590,000	5,787,000	5,537,000	5,388,000	5,084,000	5,022,000
Total assets	US$ in thousands	13,420,000	13,617,000	13,139,000	13,083,000	13,459,000	13,470,000	13,079,000	13,192,000	13,800,000	13,930,000	13,019,000	12,734,000	13,288,000	12,420,000	11,470,000	11,284,000	11,112,000	11,161,000	10,593,000	9,749,000
Total asset turnover		0.56	0.56	0.58	0.58	0.55	0.55	0.56	0.55	0.51	0.47	0.49	0.45	0.42	0.46	0.49	0.51	0.50	0.48	0.48	0.52

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,562,000K ÷ $13,420,000K
= 0.56

The total asset turnover of Electronic Arts Inc has fluctuated over the periods shown in the table, ranging from 0.42 to 0.58. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A total asset turnover ratio of less than 1 suggests that the company is not generating sufficient revenue relative to its total assets.

In this case, Electronic Arts Inc's total asset turnover ratio has generally been below 1, with some fluctuations. The company's ability to generate revenue from its assets has seen improvement in recent periods, with ratios trending upwards from 0.47 in Dec 31, 2021 to 0.58 in Sep 30, 2023. Despite the fluctuations, further analysis and comparison with industry peers would be necessary to assess the company's asset efficiency in more depth.