ePlus inc (PLUS)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,225,300 | 2,067,720 | 1,821,020 | 1,568,320 | 1,588,400 |
| Total assets | US$ in thousands | 1,653,470 | 1,414,830 | 1,166,200 | 1,076,780 | 909,113 |
| Total asset turnover | 1.35 | 1.46 | 1.56 | 1.46 | 1.75 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,225,300K ÷ $1,653,470K
= 1.35
ePlus inc's total asset turnover has shown a declining trend over the past five years, decreasing from 1.75 in 2020 to 1.35 in 2024. This indicates that the company's ability to generate sales from its total assets has weakened over time. A lower total asset turnover ratio suggests that the company is less efficient in utilizing its assets to generate revenue. It is important for ePlus inc to analyze the reasons behind this decline and consider strategies to improve asset utilization efficiency in order to enhance overall performance and profitability.
Peer comparison
Mar 31, 2024