Manhattan Associates Inc (MANH)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	1,049,306	1,029,374	1,001,134	966,832	932,473	886,637	846,297	807,205	766,825	740,588	711,672	685,862	663,650	639,619	620,191	589,707	587,495	593,342	605,860	624,571
Total assets	US$ in thousands	757,551	698,140	665,312	674,762	673,353	572,995	526,994	530,843	570,178	514,719	514,289	511,754	539,708	514,283	474,997	458,528	465,412	416,981	380,389	348,044
Total asset turnover		1.39	1.47	1.50	1.43	1.38	1.55	1.61	1.52	1.34	1.44	1.38	1.34	1.23	1.24	1.31	1.29	1.26	1.42	1.59	1.79

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,049,306K ÷ $757,551K
= 1.39

The total asset turnover ratio of Manhattan Associates Inc has shown fluctuations over the analyzed period, ranging from a high of 1.79 in March 31, 2020 to a low of 1.23 in December 31, 2021. The ratio measures how efficiently the company is utilizing its assets to generate revenue, with higher ratios indicating better asset utilization.

Overall, there seems to be a declining trend in total asset turnover from 2020 to 2021, which may indicate potential inefficiencies in asset management during that period. However, the ratio started to improve from March 31, 2022 onwards, reaching a peak of 1.61 on June 30, 2023, before slightly declining again by the end of 2024.

It is important for the company to analyze the reasons behind these fluctuations in the total asset turnover ratio to identify areas for improvement in asset utilization and operational efficiency. Further investigation into the company's asset management practices and revenue generation strategies could help in optimizing the total asset turnover ratio in the future.