Keysight Technologies Inc (KEYS)

Total asset turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	5,342,000	5,464,000	5,596,000	5,590,000	5,551,000	5,420,000	5,271,000	5,141,000	5,011,000	4,941,000	4,867,000	4,632,000	4,306,000	4,221,000	4,121,000	4,197,000	4,392,000	4,303,000	4,171,000	4,088,000
Total assets	US$ in thousands	9,060,000	8,683,000	8,826,000	8,708,000	8,448,000	8,098,000	7,852,000	7,764,000	7,728,000	7,781,000	7,804,000	7,686,000	7,494,000	7,218,000	7,161,000	6,757,000	6,841,000	6,623,000	6,348,000	6,190,000
Total asset turnover		0.59	0.63	0.63	0.64	0.66	0.67	0.67	0.66	0.65	0.64	0.62	0.60	0.57	0.58	0.58	0.62	0.64	0.65	0.66	0.66

January 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,342,000K ÷ $9,060,000K
= 0.59

Keysight Technologies Inc's total asset turnover has been relatively stable over the past few quarters, with values ranging from 0.59 to 0.67. This ratio measures the company's ability to generate sales revenue from its assets. A total asset turnover of less than 1 indicates that the company is generating less in sales relative to its total assets.

The trend in total asset turnover has been slightly declining over the quarters, which might suggest that Keysight is becoming less efficient in utilizing its assets to generate sales. However, the changes are relatively small, indicating that the company's asset utilization remains fairly consistent overall.

Further analysis and comparison with industry benchmarks could provide more insights into whether Keysight's total asset turnover is in line with industry norms and whether there are areas for improvement in asset utilization efficiency.