Take-Two Interactive Software Inc (TTWO)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,349,600 | 5,349,900 | 3,496,870 | 3,369,920 | 3,084,420 |
| Total assets | US$ in thousands | 12,216,900 | 15,862,100 | 6,546,300 | 6,028,220 | 4,948,830 |
| Total asset turnover | 0.44 | 0.34 | 0.53 | 0.56 | 0.62 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,349,600K ÷ $12,216,900K
= 0.44
Take-Two Interactive Software Inc's total asset turnover ratio has shown variability over the past five years. The company's total asset turnover ratio decreased from 0.62 in 2020 to 0.44 in 2024. This indicates that, on average, the company generated $0.44 in sales for every $1 of total assets it had in 2024.
The decreasing trend in total asset turnover suggests that Take-Two Interactive Software Inc may be less effective in utilizing its assets to generate revenue. This could be due to various factors such as inefficient asset management, declining sales, or an increase in the company's total assets without a proportionate increase in revenue generation.
The declining total asset turnover ratio raises concerns about the company's efficiency in utilizing its assets to generate revenue. It is important for Take-Two Interactive Software Inc to closely monitor and optimize its asset utilization to improve its financial performance and profitability in the future.
Peer comparison
Mar 31, 2024