Envestnet Inc (ENV)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,221,030	1,231,540	1,170,410	967,838	870,954
Total assets	US$ in thousands	1,877,250	2,112,160	2,241,180	2,144,290	1,801,880
Total asset turnover		0.65	0.58	0.52	0.45	0.48

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,221,030K ÷ $1,877,250K
= 0.65

The total asset turnover of Envestnet Inc. has shown a consistent increasing trend over the past five years, from 0.50 in 2019 to 0.66 in 2023. This indicates that the company has been generating more revenue per dollar of assets employed over time, reflecting improved efficiency in asset utilization. A higher total asset turnover ratio signifies that the company is generating more revenue from its assets, which can be a positive indicator of operational efficiency and effective resource management. This trend suggests that Envestnet has been able to increase its revenue generation capabilities relative to its asset base, potentially indicating improved operational performance and/or better sales and marketing strategies.