Manhattan Associates Inc (MANH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,048,890 | 932,692 | 769,284 | 664,197 | 585,552 |
| Total assets | US$ in thousands | 757,551 | 673,353 | 570,178 | 539,708 | 465,412 |
| Total asset turnover | 1.38 | 1.39 | 1.35 | 1.23 | 1.26 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,048,890K ÷ $757,551K
= 1.38
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue relative to its total assets. Looking at Manhattan Associates Inc's total asset turnover over the past five years, we observe a fluctuating trend.
As of December 31, 2020, the total asset turnover was 1.26, indicating that the company generated $1.26 in sales for every dollar of total assets. This suggests a moderate level of efficiency in asset utilization.
Subsequently, by December 31, 2021, the total asset turnover decreased slightly to 1.23, implying a slight decrease in efficiency in generating sales from its assets. However, the ratio rebounded in the following years, with a significant increase to 1.35 by December 31, 2022, and further improvement to 1.39 by December 31, 2023. These increments suggest enhanced efficiency in asset turnover and sales generation.
By December 31, 2024, the total asset turnover stood at 1.38, indicating a stable performance in efficiently utilizing assets to generate sales revenue. Overall, Manhattan Associates Inc's total asset turnover has shown a mix of fluctuations and improvements over the past five years, reflecting varying levels of efficiency in utilizing its total assets to drive sales growth.
Peer comparison
Dec 31, 2024