Oracle Corporation (ORCL)
Total asset turnover
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 52,960,000 | 52,432,000 | 51,522,000 | 50,865,000 | 49,953,000 | 75,826,000 | 74,208,000 | 72,479,000 | 70,880,000 | 68,919,000 | 68,584,000 | 68,133,000 | 67,848,000 | 66,437,000 | 66,252,000 | 66,195,000 | 66,165,000 | 66,603,000 | 66,398,000 | 66,292,000 |
| Total assets | US$ in thousands | 140,976,000 | 137,082,000 | 134,324,000 | 136,662,000 | 134,384,000 | 131,620,000 | 128,469,000 | 130,309,000 | 109,297,000 | 108,644,000 | 106,897,000 | 122,924,000 | 131,107,000 | 118,109,000 | 110,014,000 | 113,546,000 | 115,438,000 | 96,704,000 | 98,443,000 | 106,229,000 |
| Total asset turnover | 0.38 | 0.38 | 0.38 | 0.37 | 0.37 | 0.58 | 0.58 | 0.56 | 0.65 | 0.63 | 0.64 | 0.55 | 0.52 | 0.56 | 0.60 | 0.58 | 0.57 | 0.69 | 0.67 | 0.62 |
May 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $52,960,000K ÷ $140,976,000K
= 0.38
The total asset turnover ratio for Oracle Corporation has been relatively stable over the past few quarters, fluctuating between 0.37 and 0.38. This indicates that Oracle is generating approximately $0.38 in revenue for every $1 of total assets it owns.
There was a significant spike in total asset turnover in the February and November 2022 quarters, reaching 0.58 and 0.65 respectively, suggesting that Oracle was more efficient in utilizing its assets to generate revenue during those periods.
However, the total asset turnover ratio decreased in the subsequent quarters, hovering around 0.55 to 0.58. It is worth noting that the ratio has been consistently above 0.50, indicating that Oracle effectively utilizes its assets to generate revenue.
Overall, while there have been fluctuations in the total asset turnover ratio, Oracle appears to have a relatively efficient asset utilization strategy, maintaining a healthy level of revenue generation relative to its total assets.
Peer comparison
May 31, 2024