Synopsys Inc (SNPS)

Total asset turnover

		Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020
Revenue (ttm)	US$ in thousands	6,265,680	6,228,820	6,190,360	6,130,510	5,842,620	5,527,780	5,288,260	5,172,630	5,081,550	4,949,680	4,759,040	4,504,130	4,204,191	4,077,211	3,984,215	3,821,222	3,685,282	3,510,923	3,399,759	3,374,674
Total assets	US$ in thousands	13,073,600	11,648,700	11,011,800	10,558,300	10,333,100	9,923,230	9,790,730	9,565,620	9,418,090	9,329,550	9,210,380	8,901,350	8,752,260	8,485,910	8,339,560	8,012,840	8,030,060	7,663,250	7,322,470	7,202,900
Total asset turnover		0.48	0.53	0.56	0.58	0.57	0.56	0.54	0.54	0.54	0.53	0.52	0.51	0.48	0.48	0.48	0.48	0.46	0.46	0.46	0.47

October 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,265,680K ÷ $13,073,600K
= 0.48

Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its total assets. Synopsys Inc's total asset turnover has shown a fluctuating trend over the past few quarters, ranging from 0.46 to 0.58.

The ratio was at its highest in January 2024 at 0.58, indicating that Synopsys was generating $0.58 in sales for every $1 of assets in that period. This suggests that the company was effectively utilizing its assets to generate revenue at that time.

However, the total asset turnover ratio decreased in subsequent quarters, reaching its lowest point in October 2020 at 0.46. This could suggest that Synopsys may have experienced challenges in generating sales relative to its asset base during that period.

Overall, Synopsys Inc's total asset turnover ratio has shown some variability, reflecting fluctuations in the company's efficiency in utilizing its assets to generate revenue over the analyzed period. Further analysis would be needed to understand the underlying reasons behind these fluctuations and to assess the company's overall operational efficiency.