PTC Inc (PTC)

Total asset turnover

		Sep 30, 2024	Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	2,232,988	2,118,576	2,106,443	2,036,814	1,972,671	1,913,566	1,856,952	1,849,196	1,844,311	1,850,753	1,824,465	1,780,355	1,753,119	1,670,686	1,580,139	1,458,146	1,384,554	1,327,312	1,278,925	1,229,995
Total assets	US$ in thousands	6,383,540	6,128,140	6,205,260	6,271,160	6,288,840	6,207,650	6,299,620	4,795,770	4,687,270	4,605,540	4,378,520	4,420,620	4,507,560	4,206,220	4,181,220	3,448,890	3,382,740	3,376,170	3,866,470	3,279,830
Total asset turnover		0.35	0.35	0.34	0.32	0.31	0.31	0.29	0.39	0.39	0.40	0.42	0.40	0.39	0.40	0.38	0.42	0.41	0.39	0.33	0.38

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,232,988K ÷ $6,383,540K
= 0.35

Total asset turnover ratio indicates how efficiently a company utilizes its assets to generate revenue. PTC Inc's total asset turnover has fluctuated over the past few years, ranging from 0.29 to 0.42. The ratio was relatively stable around 0.39 in the recent quarters, suggesting consistent asset utilization efficiency.

A total asset turnover of less than 1 indicates that PTC Inc generates less than $1 of revenue for every dollar of assets. A declining trend in the ratio, observed in some periods, may indicate inefficiencies in asset management or slowing sales growth relative to asset expansion. Conversely, an increasing trend in the ratio, as seen in the earlier quarters, may signal improved asset utilization or revenue growth outpacing asset growth.

Overall, further analysis of PTC Inc's operational efficiency, asset management practices, and revenue generation capabilities in conjunction with other financial metrics would provide a more comprehensive understanding of the company's performance.