ExlService Holdings Inc (EXLS)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,619,020 | 1,412,250 | 1,106,200 | 951,676 | 981,632 |
| Total assets | US$ in thousands | 1,441,970 | 1,346,120 | 1,282,900 | 1,247,860 | 1,183,090 |
| Total asset turnover | 1.12 | 1.05 | 0.86 | 0.76 | 0.83 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,619,020K ÷ $1,441,970K
= 1.12
The total asset turnover ratio for ExlService Holdings Inc has shown a generally increasing trend over the past five years, indicating improved efficiency in generating revenue from its total assets. The ratio increased from 0.84 in 2019 to 1.13 in 2023, with slight fluctuations in between. This suggests that the company has been able to generate more sales relative to its total assets, reflecting better asset utilization and operational efficiency. A higher total asset turnover ratio is generally considered favorable as it indicates that the company is effectively using its assets to generate revenue.
Peer comparison
Dec 31, 2023