NetScout Systems Inc (NTCT)

Total asset turnover

		Mar 31, 2025	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
Revenue (ttm)	US$ in thousands	822,679	821,135	787,188	792,882	829,455	834,105	885,577	916,856	914,530	897,628	890,278	874,115	855,575	877,773	844,318	837,739	831,282	847,244	878,529	889,611
Total assets	US$ in thousands	430,945	2,174,740	2,070,670	2,085,420	2,595,300	2,589,800	2,697,710	2,730,600	2,820,560	2,904,110	2,822,050	2,816,640	3,194,710	3,133,550	3,016,400	3,033,050	3,085,040	3,146,320	3,077,550	3,067,530
Total asset turnover		1.91	0.38	0.38	0.38	0.32	0.32	0.33	0.34	0.32	0.31	0.32	0.31	0.27	0.28	0.28	0.28	0.27	0.27	0.29	0.29

March 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $822,679K ÷ $430,945K
= 1.91

NetScout Systems Inc's total asset turnover ratio has shown some fluctuations over the past years. The ratio was relatively stable around 0.27 to 0.29 from June 2020 to March 2022. However, there was a noticeable increase in the ratio in June 2022 to 0.31 and further to 0.32 in September 2022, indicating an improvement in the company's ability to generate sales from its assets.

Subsequently, the total asset turnover ratio continued to rise, reaching 0.38 by June 2024. This significant increase suggests that NetScout Systems Inc has become more efficient in utilizing its assets to generate revenue. The peak ratio of 1.91 in March 2025 is likely an outlier and may require further investigation.

Overall, the trend in NetScout Systems Inc's total asset turnover ratio indicates an improvement in asset utilization efficiency over the years, reflecting positively on the company's operations and potentially leading to enhanced overall financial performance.