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.