Manhattan Associates Inc (MANH)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 932,692 | 769,284 | 664,197 | 585,552 | 619,801 |
| Total assets | US$ in thousands | 673,353 | 570,178 | 539,708 | 465,412 | 372,279 |
| Total asset turnover | 1.39 | 1.35 | 1.23 | 1.26 | 1.66 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $932,692K ÷ $673,353K
= 1.39
The total asset turnover ratio for Manhattan Associates, Inc. has demonstrated fluctuations over the past five years, ranging from 1.23 in 2021 to 1.66 in 2019. The ratio peaked in 2019, indicating that the company generated $1.66 in revenue for every dollar of assets during that year. However, the ratio decreased to 1.26 in 2020 before showing a slight improvement to 1.35 in 2022 and further to 1.38 in 2023.
A total asset turnover ratio above 1 suggests that Manhattan Associates, Inc. is effectively utilizing its assets to generate revenue, with 1.38 in 2023 indicating that the company generated $1.38 in revenue for each dollar of assets. This improvement in 2023 could be attributed to better asset management and operational efficiency.
Overall, the trend in the total asset turnover ratio for Manhattan Associates, Inc. indicates varying levels of asset efficiency and revenue generation over the years, with a recent uptick in performance as seen in 2023. Monitoring this ratio helps assess the company's ability to generate sales in relation to its asset base.
Peer comparison
Dec 31, 2023