Liveramp Holdings Inc (RAMP)

Total asset turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	659,661	596,583	528,657	443,026	380,572
Total assets	US$ in thousands	1,231,440	1,172,700	1,333,740	1,288,320	1,301,890
Total asset turnover		0.54	0.51	0.40	0.34	0.29

March 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $659,661K ÷ $1,231,440K
= 0.54

The total asset turnover ratio for Liveramp Holdings Inc has shown a consistent upward trend over the past five years, indicating an improvement in the company's efficiency in generating revenue from its total assets.

The ratio increased from 0.29 in March 2020 to 0.54 in March 2024, reflecting a significant enhancement in asset utilization over this period. This suggests that the company has been more effective in utilizing its assets to generate sales.

A higher total asset turnover ratio typically indicates that the company is generating more revenue for each dollar of assets it owns. This can be a positive sign of operational efficiency and effective asset management.

Liveramp Holdings Inc's increasing total asset turnover ratio suggests that the company has been able to grow its revenue without significantly increasing its asset base, which could lead to improved profitability and return on investment for its shareholders.