Liveramp Holdings Inc (RAMP)

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	659,661	636,435	621,181	608,409	596,583	589,682	571,671	551,862	528,657	506,107	485,256	462,627	443,026	429,552	412,016	397,498	380,487	353,102	330,906	305,575
Total assets	US$ in thousands	1,231,440	1,224,740	1,180,520	1,163,930	1,172,700	1,166,480	1,188,500	1,234,260	1,333,740	1,342,540	1,282,370	1,249,900	1,288,320	1,259,500	1,238,640	1,233,930	1,301,890	1,343,850	1,363,230	1,439,300
Total asset turnover		0.54	0.52	0.53	0.52	0.51	0.51	0.48	0.45	0.40	0.38	0.38	0.37	0.34	0.34	0.33	0.32	0.29	0.26	0.24	0.21

March 31, 2024 calculation

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

Total asset turnover is a key ratio that measures a company's ability to generate revenue in relation to its total assets. Liveramp Holdings Inc's total asset turnover has shown a slight upward trend over the past few quarters, increasing from 0.21 in June 2019 to 0.54 in March 2024. This indicates that the company is becoming more efficient in utilizing its assets to generate sales.

The average total asset turnover for Liveramp Holdings Inc over this period is approximately 0.40, suggesting that, on average, the company generates $0.40 in revenue for every dollar of assets it owns. This ratio demonstrates how well Liveramp is utilizing its assets to generate sales and reflects operational efficiency.

It is important to note that a higher total asset turnover ratio generally indicates better asset utilization and efficiency. Liveramp Holdings Inc's improving trend in total asset turnover is a positive indicator of the company's operational performance and efficiency over the analyzed period. Further analysis and comparison with industry peers could provide additional insights into the company's performance.