ePlus inc (PLUS)
Total asset turnover
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,225,302 | 2,163,018 | 2,277,439 | 2,183,534 | 2,067,718 | 2,027,060 | 1,898,418 | 1,862,729 | 1,821,019 | 1,722,107 | 1,654,877 | 1,629,941 | 1,568,323 | 1,582,192 | 1,583,579 | 1,562,063 | 1,588,404 | 1,547,362 | 1,464,035 | 1,397,513 |
| Total assets | US$ in thousands | 1,653,470 | 1,595,600 | 1,618,790 | 1,680,810 | 1,414,830 | 1,597,860 | 1,371,340 | 1,256,150 | 1,166,200 | 1,255,150 | 1,139,940 | 1,077,420 | 1,076,780 | 1,125,950 | 1,038,710 | 1,058,860 | 909,113 | 952,608 | 914,266 | 874,813 |
| Total asset turnover | 1.35 | 1.36 | 1.41 | 1.30 | 1.46 | 1.27 | 1.38 | 1.48 | 1.56 | 1.37 | 1.45 | 1.51 | 1.46 | 1.41 | 1.52 | 1.48 | 1.75 | 1.62 | 1.60 | 1.60 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,225,302K ÷ $1,653,470K
= 1.35
The total asset turnover ratio for ePlus inc has shown fluctuations over the past several quarters, ranging from 1.27 to 1.75. This ratio indicates how efficiently the company is generating revenue from its assets. A higher total asset turnover ratio generally signifies that the company is effectively utilizing its assets to generate sales.
The trend of the total asset turnover ratio for ePlus inc exhibits some variations, with peaks and troughs observed over the periods. For instance, the ratio reached a high of 1.75 in March 2020, indicating a strong ability to generate revenue relative to its asset base during that period.
Overall, the company's total asset turnover ratio has shown some volatility, possibly influenced by changes in business operations, asset utilization efficiencies, or industry dynamics. Further examination and comparison with industry benchmarks could provide additional insights into ePlus inc's asset management efficiency.
Peer comparison
Mar 31, 2024