Envestnet Inc (ENV)

Total asset turnover

		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	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,220,482	1,203,270	1,195,211	1,204,198	1,228,321	1,249,802	1,246,160	1,216,033	1,170,413	1,115,334	1,059,684	1,001,841	967,838	946,654	929,058	926,833	882,732	865,270	842,861	819,532
Total assets	US$ in thousands	1,877,250	2,030,890	2,053,900	2,056,460	2,112,160	2,203,220	2,187,400	2,199,770	2,241,180	2,217,340	2,170,700	2,142,990	2,144,290	2,101,260	1,831,400	1,830,460	1,801,880	1,787,140	1,812,340	1,370,590
Total asset turnover		0.65	0.59	0.58	0.59	0.58	0.57	0.57	0.55	0.52	0.50	0.49	0.47	0.45	0.45	0.51	0.51	0.49	0.48	0.47	0.60

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,220,482K ÷ $1,877,250K
= 0.65

The total asset turnover ratio for Envestnet Inc. has been relatively stable and consistent over the last eight quarters, ranging from 0.56 to 0.66. This ratio indicates that Envestnet Inc. generates approximately $0.59 to $0.66 in revenue for every dollar of assets it holds. A higher total asset turnover ratio generally reflects more efficient asset utilization, suggesting that Envestnet Inc. is effectively generating sales from its asset base.

While the ratio has seen minor fluctuations, it has largely been within a narrow range, indicating a consistent ability to generate revenue relative to its asset level. This stability suggests that Envestnet Inc. has maintained a consistent level of efficiency in utilizing its assets to generate sales throughout the quarters under review.

Overall, the total asset turnover ratio analysis of Envestnet Inc. suggests that the company has been effectively managing its assets to generate revenue, which is a positive indicator of operational efficiency.