Science Applications International Corporation Common Stock (SAIC)
Total asset turnover
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,569,000 | 7,585,000 | 7,310,000 | 6,966,000 | 6,292,000 |
| Total assets | US$ in thousands | 5,314,000 | 5,543,000 | 5,746,000 | 5,723,000 | 4,711,000 |
| Total asset turnover | 1.42 | 1.37 | 1.27 | 1.22 | 1.34 |
February 2, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,569,000K ÷ $5,314,000K
= 1.42
The total asset turnover ratio for Science Applications International Corporation Common Stock has shown a generally increasing trend over the past five years. This ratio measures the efficiency with which the company generates revenue relative to its total assets.
In 2024, the total asset turnover ratio stood at 1.42, indicating that the company generated $1.42 in revenue for every $1 of total assets. This represents an improvement compared to the previous year, where the ratio was 1.37.
The rise in the total asset turnover ratio over the years suggests that Science Applications International Corporation has been able to utilize its assets more effectively to generate revenue. This could be attributed to better management of assets, improved operational efficiency, or an increase in sales relative to the asset base.
The company's ability to generate more revenue per dollar of assets is a positive sign of its operational efficiency and effectiveness in utilizing its resources. Investors and stakeholders may view this trend favorably as it indicates a potential for higher returns on investment and overall financial health of the company.
Peer comparison
Feb 2, 2024