PTC Inc (PTC)

Total asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	2,299,910	1,970,280	1,874,120	1,753,120	1,384,550
Total assets	US$ in thousands	6,383,540	6,288,840	4,687,270	4,507,560	3,382,740
Total asset turnover		0.36	0.31	0.40	0.39	0.41

September 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,299,910K ÷ $6,383,540K
= 0.36

PTC Inc's total asset turnover has displayed fluctuations over the past five years. The ratio signifies that for each dollar invested in total assets, the company generated $0.36 of revenue in 2024, compared to $0.31 in 2023, $0.40 in 2022, $0.39 in 2021, and $0.41 in 2020. The decrease from 2020 to 2023 indicates a decrease in efficiency in generating revenue from its assets, while the increase in 2024 shows some improvement in this aspect. Further analysis involving industry benchmarks and company-specific factors is required to understand the effectiveness of PTC Inc's asset utilization and to assess its overall financial performance accurately.