Keysight Technologies Inc (KEYS)
Total asset turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,979,000 | 5,003,000 | 5,168,000 | 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 |
| Total assets | US$ in thousands | 9,269,000 | 9,323,000 | 8,988,000 | 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 |
| Total asset turnover | 0.54 | 0.54 | 0.57 | 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 |
October 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,979,000K ÷ $9,269,000K
= 0.54
Total asset turnover is a key financial ratio that measures a company's ability to generate sales revenue from its assets. Keysight Technologies Inc's total asset turnover has shown some fluctuations over the past few years.
The trend suggests that the company has had some challenges in effectively utilizing its assets to generate revenue, as the ratio has generally been on a downward trajectory since January 2023. This can indicate inefficiencies in asset management or a potential decrease in sales relative to the size of the asset base.
However, it is worth noting that the ratio has remained relatively stable around the range of 0.54 to 0.67 in recent periods, which could indicate some level of consistency in the company's asset utilization performance.
Further analysis and comparison with industry benchmarks may provide deeper insights into the company's operational efficiency and asset management practices.
Peer comparison
Oct 31, 2024