Keysight Technologies Inc (KEYS)
Total asset turnover
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,464,000 | 5,420,000 | 4,941,000 | 4,221,000 | 4,303,000 |
| Total assets | US$ in thousands | 8,683,000 | 8,098,000 | 7,781,000 | 7,218,000 | 6,623,000 |
| Total asset turnover | 0.63 | 0.67 | 0.64 | 0.58 | 0.65 |
October 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,464,000K ÷ $8,683,000K
= 0.63
The total asset turnover ratio for Keysight Technologies Inc has exhibited some fluctuation over the past five years. In 2023, the ratio stood at 0.63, representing a decrease from the previous year's 0.67. This suggests a reduction in the company's ability to generate sales from its total assets. However, it is worth noting that the ratio in 2023 is still higher than the levels recorded in 2020 and 2019, indicating an overall improvement in asset utilization. The trend in total asset turnover should be further monitored to assess the company's efficiency in managing its assets to generate revenue.
Peer comparison
Oct 31, 2023