Extreme Networks Inc (EXTR)

Total asset turnover

		Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,117,793	1,206,801	1,327,505	1,350,661	1,296,105	1,216,506	1,171,259	1,134,452	1,103,793	1,100,623	1,066,015	1,024,318	989,353	920,965	877,599	903,377	925,180	965,663	1,008,491	996,267
Total assets	US$ in thousands	1,042,590	1,085,470	1,142,660	1,106,510	1,141,710	1,068,400	1,062,180	1,057,780	1,068,510	1,024,840	1,012,800	1,008,800	1,010,090	953,676	945,837	959,494	979,088	973,452	1,014,650	1,051,790
Total asset turnover		1.07	1.11	1.16	1.22	1.14	1.14	1.10	1.07	1.03	1.07	1.05	1.02	0.98	0.97	0.93	0.94	0.94	0.99	0.99	0.95

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,117,793K ÷ $1,042,590K
= 1.07

The total asset turnover ratio for Extreme Networks Inc has fluctuated over the period under review. The ratio measures the efficiency of the company in generating revenue from its total assets. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.

Looking at the trend, the total asset turnover ratio has shown some variability, with values ranging from 0.93 to 1.22. In recent quarters, the ratio has generally been above 1, indicating that Extreme Networks Inc has been able to efficiently utilize its assets to generate revenue.

While the ratio has exhibited some fluctuations, it is important to note that overall, the company has maintained a relatively healthy total asset turnover. This suggests that Extreme Networks Inc has been effective in managing its assets to drive revenue growth.

Further analysis of the underlying factors driving the changes in the total asset turnover ratio, such as changes in sales volume, asset utilization, or asset management efficiency, would provide a more detailed understanding of the company's operational performance.