Extreme Networks Inc (EXTR)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,117,690 | 1,295,900 | 1,103,890 | 986,853 | 925,480 |
| Total assets | US$ in thousands | 1,042,590 | 1,141,710 | 1,068,510 | 1,010,090 | 979,088 |
| Total asset turnover | 1.07 | 1.14 | 1.03 | 0.98 | 0.95 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,117,690K ÷ $1,042,590K
= 1.07
Extreme Networks Inc's total asset turnover ratio has been fluctuating over the past five years. In Jun 30, 2024, the total asset turnover ratio was 1.07, indicating that the company generated $1.07 in revenue for every $1 of total assets. This represents a slight decrease compared to the previous year, where the total asset turnover was 1.14.
The trend in total asset turnover shows some variability, with ratios ranging from 0.95 to 1.14 over the past five years. Generally, a higher total asset turnover ratio is preferred as it suggests that the company is efficiently utilizing its assets to generate revenue.
However, it is important to consider other factors such as industry benchmarks and the company's specific business model when interpreting the total asset turnover ratio. Overall, Extreme Networks Inc's total asset turnover ratio provides insight into the company's asset utilization efficiency over the analyzed period.
Peer comparison
Jun 30, 2024