Take-Two Interactive Software Inc (TTWO)

Fixed asset turnover

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	5,633,600	5,450,500	5,457,000	5,403,100	5,349,600	5,396,400	5,437,900	5,532,200	5,349,900	4,833,704	4,329,156	3,793,854	3,504,800	3,414,227	3,371,864	3,354,808	3,372,772	3,293,882	3,363,122	3,379,821
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	—	405,900	402,800	360,600	632,100	607,000	242,039	448,448	439,981	388,344	149,364	135,257	133,404	128,904
Fixed asset turnover		—	—	—	—	—	—	—	13.63	13.28	13.40	6.85	6.25	14.48	7.61	7.66	8.64	22.58	24.35	25.21	26.22

March 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,633,600K ÷ $—K
= —

Take-Two Interactive Software Inc's fixed asset turnover has shown a declining trend over the past several quarters, indicating a decrease in the efficiency of generating revenue from its fixed assets. The ratio peaked at 26.22 in June 2020 and has since steadily declined to 13.63 by June 30, 2023.

However, there was a significant drop in fixed asset turnover in the most recent quarter, with the ratio falling to 6.25 in June 30, 2022. This may suggest a potential issue with the utilization of the company's fixed assets during that period.

The subsequent quarters witnessed some improvement, with the ratio fluctuating around 13.28 to 14.48 from March 31, 2023, to June 30, 2022. This could indicate that the company made efforts to enhance its fixed asset efficiency during those periods.

Overall, while there have been fluctuations in fixed asset turnover, Take-Two Interactive Software Inc should continue to monitor and optimize the utilization of its fixed assets to improve operational efficiency and maximize revenue generation.