ExlService Holdings Inc (EXLS)

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	1,619,020	1,581,075	1,534,327	1,479,524	1,412,249	1,334,679	1,250,293	1,176,913	1,106,200	1,059,066	1,021,331	968,383	953,303	961,222	971,337	991,235	984,191	962,222	943,035	913,024
Total assets	US$ in thousands	1,441,970	1,402,490	1,362,700	1,308,570	1,346,120	1,318,730	1,290,930	1,274,550	1,282,900	1,168,070	1,169,350	1,226,370	1,247,860	1,219,480	1,193,610	1,267,260	1,183,090	1,145,980	1,137,470	1,182,580
Total asset turnover		1.12	1.13	1.13	1.13	1.05	1.01	0.97	0.92	0.86	0.91	0.87	0.79	0.76	0.79	0.81	0.78	0.83	0.84	0.83	0.77

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,619,020K ÷ $1,441,970K
= 1.12

ExlService Holdings Inc's total asset turnover has been consistent at 1.13 for the four quarters of 2023, indicating that the company generated $1.13 in revenue for every $1 of assets it had during those periods. This stability suggests efficient utilization of assets to generate sales. Additionally, the total asset turnover has shown an improving trend compared to the previous year, where it ranged from 0.93 to 1.05. The increasing trend is a positive sign as it indicates that the company is becoming more effective in using its assets to generate revenue. Overall, ExlService Holdings Inc's total asset turnover reflects a strong performance in efficiently leveraging its assets to drive revenue growth.