Manhattan Associates Inc (MANH)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	617,562	608,999	589,075	576,605
Total assets	US$ in thousands	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	372,279	380,297	372,183	359,511
Total asset turnover		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	1.66	1.60	1.58	1.60

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $932,473K ÷ $673,353K
= 1.38

The total asset turnover of Manhattan Associates, Inc. has fluctuated over the past eight quarters, ranging from a low of 1.34 in Q1 2022 to a high of 1.61 in Q2 2023. This ratio measures how efficiently the company is utilizing its assets to generate revenue, with a higher ratio indicating better asset utilization.

Overall, Manhattan Associates, Inc. has shown a generally positive trend in total asset turnover, with an average ratio of approximately 1.45 over the period. This suggests that the company has been effective in generating revenue relative to its total assets, although there have been fluctuations in efficiency quarter to quarter.

It is essential for stakeholders to continue monitoring the total asset turnover ratio to ensure that Manhattan Associates, Inc. maintains its efficiency in asset utilization and sustains its revenue generation in the future.