Synopsys Inc (SNPS)
Total asset turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,127,440 | 5,842,620 | 5,081,540 | 4,204,190 | 3,685,280 |
| Total assets | US$ in thousands | 13,073,600 | 10,333,100 | 9,418,090 | 8,752,260 | 8,030,060 |
| Total asset turnover | 0.47 | 0.57 | 0.54 | 0.48 | 0.46 |
October 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,127,440K ÷ $13,073,600K
= 0.47
The total asset turnover ratio measures the efficiency of Synopsys Inc in generating sales revenue relative to its total assets.
Over the past five years, Synopsys Inc's total asset turnover ratio has fluctuated, ranging from 0.46 to 0.57. In 2024, the ratio stood at 0.47, indicating that the company generated $0.47 in sales revenue for every dollar of total assets.
The decrease in the total asset turnover from the previous year suggests that Synopsys Inc may have experienced challenges in utilizing its assets efficiently to drive sales growth. It is important for the company to effectively manage its asset base to enhance operational performance and profitability in the future.
Overall, analyzing the trend in total asset turnover can provide insights into Synopsys Inc's operational efficiency and effectiveness in utilizing its assets to generate revenue.
Peer comparison
Oct 31, 2024