NetScout Systems Inc (NTCT)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 829,455 | 914,530 | 855,575 | 831,282 | 891,820 |
| Total assets | US$ in thousands | 2,595,300 | 2,820,560 | 3,194,710 | 3,085,040 | 3,120,500 |
| Total asset turnover | 0.32 | 0.32 | 0.27 | 0.27 | 0.29 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $829,455K ÷ $2,595,300K
= 0.32
The total asset turnover ratio for NetScout Systems Inc has been relatively stable over the past five years, ranging from 0.27 to 0.32. This ratio indicates that, on average, the company generates around 27% to 32% of revenue for every dollar of total assets it holds.
A total asset turnover ratio of 0.32 in 2024 and 2023 suggests that the company has slightly improved its efficiency in utilizing its assets to generate revenue in these two years compared to the prior years, achieving a higher turnover rate.
However, the ratios below 0.32 in 2022, 2021, and 2020 indicate a slightly lower efficiency in utilizing its assets to generate revenue during those years.
Overall, it is important for NetScout Systems Inc to continue monitoring and improving its total asset turnover ratio to ensure optimal utilization of its assets and maximize revenue generation.
Peer comparison
Mar 31, 2024