Oracle Corporation (ORCL)

Total asset turnover

		May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020
Revenue	US$ in thousands	52,961,000	49,954,000	42,440,000	40,479,000	36,904,000
Total assets	US$ in thousands	140,976,000	134,384,000	109,297,000	131,107,000	115,438,000
Total asset turnover		0.38	0.37	0.39	0.31	0.32

May 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $52,961,000K ÷ $140,976,000K
= 0.38

The total asset turnover ratio for Oracle Corporation has been fairly stable over the past five years, ranging between 0.31 and 0.39. This ratio indicates that the company generates approximately between 31% and 39% of revenue for every dollar invested in total assets. The slight fluctuations in the ratio suggest that Oracle has been moderately effective in utilizing its assets to generate sales revenue, with a consistent performance overall. Further analysis should be conducted to assess the specific factors contributing to the variations in total asset turnover over the years.