ePlus inc (PLUS)
Total asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,068,790 | 2,225,300 | 2,067,720 | 1,821,020 | 1,568,320 |
| Total assets | US$ in thousands | 1,884,800 | 1,653,470 | 1,414,830 | 1,166,200 | 1,076,780 |
| Total asset turnover | 1.10 | 1.35 | 1.46 | 1.56 | 1.46 |
March 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,068,790K ÷ $1,884,800K
= 1.10
The total asset turnover ratio measures a company's ability to generate revenue from its total assets. Looking at the data provided for ePlus Inc, we observe fluctuations in the total asset turnover ratio over the past five years:
1. In March 2021, the total asset turnover ratio was 1.46, indicating that the company generated $1.46 in revenue for every dollar of total assets.
2. By March 2022, the total asset turnover ratio had improved to 1.56, suggesting that the company became more efficient in utilizing its assets to generate revenue.
3. However, in the subsequent years, the total asset turnover ratio decreased to 1.46 in March 2023 and further dropped to 1.35 by March 2024. These decreases may indicate challenges or inefficiencies in utilizing assets to drive revenue.
4. The most significant decline occurred by March 2025, where the total asset turnover ratio decreased to 1.10. This sharp decline may raise concerns about the company's asset management and revenue generation capabilities.
In conclusion, the trend in ePlus Inc's total asset turnover ratio has been mixed, with some improvements followed by declines. It is essential for the company to closely monitor and address any factors impacting asset efficiency to enhance overall performance and financial health.
Peer comparison
Mar 31, 2025