Take-Two Interactive Software Inc (TTWO)

Total asset turnover

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	5,349,600	5,396,400	5,437,900	5,532,200	5,349,900	4,822,896	4,318,396	3,783,096	3,493,996	3,420,892	3,372,649	3,354,562	3,369,915	3,284,364	3,358,880	3,378,818	3,087,326	2,865,792	3,195,769	2,828,138
Total assets	US$ in thousands	12,216,900	14,895,700	15,207,400	15,525,300	15,862,100	16,881,400	17,492,900	17,744,900	6,546,300	6,357,950	6,619,030	6,314,260	6,028,220	5,966,100	5,836,150	5,369,240	4,948,830	4,879,630	4,815,110	4,366,220
Total asset turnover		0.44	0.36	0.36	0.36	0.34	0.29	0.25	0.21	0.53	0.54	0.51	0.53	0.56	0.55	0.58	0.63	0.62	0.59	0.66	0.65

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,349,600K ÷ $12,216,900K
= 0.44

The total asset turnover ratio for Take-Two Interactive Software Inc has fluctuated over the past quarters. In the most recent quarter, ending March 31, 2024, the total asset turnover ratio was 0.44. This indicates that for every dollar of total assets the company had, it generated $0.44 of revenue during the period.

Looking at the trend over the past few quarters, the total asset turnover ratio has generally been on an upward trajectory since the end of 2021, peaking at 0.66 in the third quarter of 2019.

A total asset turnover ratio below 1 implies that the company is not generating enough revenue relative to its total assets. It is essential for the company to effectively utilize its assets to generate more revenue efficiently. A rising trend in the total asset turnover ratio could indicate improved asset management and operational efficiency, which are positive signals for investors and stakeholders.