Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Take-Two Interactive Software Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-K (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30).
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio exhibited a clear downward trend from June 2020 through June 2022, decreasing from approximately 26.22 to 12.64. This decline signals a reduction in efficiency regarding the utilization of fixed assets to generate revenue. From June 2022 onward, the ratio stabilized within a narrower range, fluctuating between 12.59 and 13.87, indicating more consistent asset use efficiency in recent quarters.
- Net Fixed Asset Turnover (Including Operating Lease, Right-of-Use Asset)
- When considering operating leases and right-of-use assets, the turnover ratio also demonstrated a similar declining pattern, starting at 11.78 in mid-2020 and falling to a low of 6.25 by mid-2022. After this point, the ratio experienced modest improvement, gradually rising to about 7.32 by early 2025. Despite the recovery, turnover here remains significantly lower than initial levels, reflecting either increased asset valuations or changing operational efficiencies influenced by leased assets.
- Total Asset Turnover
- The total asset turnover ratio saw a decline from 0.63 in June 2020 to a trough of 0.21 by June 2022, suggesting diminished overall asset efficiency during this interval. Notably, from mid-2022 forward, the ratio improved steadily, reaching approximately 0.61 by March 2025, nearly returning to earlier levels. This improvement indicates a positive shift in the company's ability to generate sales from its asset base in the most recent periods.
- Equity Turnover
- Equity turnover followed a downward trajectory from 1.27 in mid-2020 to a low near 0.39 by June 2022, implying reduced effectiveness in generating revenue from shareholders' equity. Subsequently, a recovery commenced, with ratios rising gradually to just under 1.0 from mid-2023 through early 2025. Of particular note is the sharp increase to 2.64 in March 2025, which could indicate an exceptional event or improved leverage and equity utilization at that point.
- Summary
- Across all turnover metrics, the period from mid-2020 through mid-2022 was characterized by declining asset and equity efficiency, possibly due to changes in operational strategy, increased asset bases, or market conditions. Beginning mid-2022, the company displayed signs of operational recovery and enhanced utilization of assets and equity, culminating in notably strong equity turnover by early 2025. The inclusion of operating lease assets consistently showed lower turnover ratios, highlighting the impact of lease capitalization on asset metrics. Overall, the data indicates a period of adjustment followed by stabilization and performance improvement.
Net Fixed Asset Turnover
Take-Two Interactive Software Inc., net fixed asset turnover calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Net revenue | 1,582,500) | 1,359,800) | 1,353,100) | 1,338,200) | 1,399,400) | 1,366,300) | 1,299,200) | 1,284,700) | 1,446,200) | 1,407,800) | 1,393,500) | 1,102,400) | 930,004) | 903,252) | 858,198) | 813,346) | 839,431) | 860,889) | 841,142) | 831,310) | ||||||
| Fixed assets, net | 443,800) | 426,000) | 433,500) | 422,000) | 411,100) | 400,400) | 392,000) | 405,900) | 402,800) | 360,600) | 333,800) | 300,200) | 242,039) | 235,957) | 231,230) | 224,880) | 149,364) | 135,257) | 133,404) | 128,904) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||
| Net fixed asset turnover1 | 12.69 | 12.79 | 12.59 | 12.80 | 13.01 | 13.48 | 13.87 | 13.63 | 13.28 | 13.40 | 12.97 | 12.64 | 14.48 | 14.47 | 14.58 | 14.92 | 22.58 | 24.35 | 25.21 | 26.22 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | — | 1.72 | 1.83 | 1.94 | 2.05 | 2.11 | 2.17 | 2.22 | 2.29 | 2.36 | 2.39 | 2.42 | 2.51 | 2.60 | 2.62 | 2.59 | 2.64 | 2.53 | 2.40 | 2.25 | ||||||
| Comcast Corp. | — | 1.90 | 1.94 | 1.95 | 1.98 | 1.99 | 2.00 | 2.04 | 2.04 | 2.08 | 2.12 | 2.13 | 2.19 | 2.26 | 2.27 | 2.23 | 2.15 | 2.15 | 2.07 | 1.99 | ||||||
| Meta Platforms Inc. | — | 1.18 | 1.22 | 1.28 | 1.36 | 1.39 | 1.45 | 1.44 | 1.40 | 1.38 | 1.37 | 1.39 | 1.47 | 1.60 | 1.77 | 1.94 | 2.04 | 2.09 | 2.06 | 1.98 | ||||||
| Netflix Inc. | — | 23.60 | 23.91 | 24.43 | 24.47 | 23.97 | 24.03 | 23.27 | 22.61 | 21.85 | 21.83 | 22.58 | 22.61 | 22.93 | 22.78 | 21.97 | 22.44 | 23.47 | 24.91 | 25.99 | ||||||
| Trade Desk Inc. | — | — | 8.64 | 10.24 | 11.68 | 11.67 | 11.33 | 13.65 | 12.06 | 11.98 | 10.84 | 9.65 | 9.08 | 8.93 | 9.98 | 9.89 | 8.81 | 8.16 | 8.30 | 7.72 | ||||||
| Walt Disney Co. | — | 2.35 | 2.41 | 2.43 | 2.47 | 2.50 | 2.51 | 2.52 | 2.54 | 2.54 | 2.52 | 2.47 | 2.46 | 2.42 | 2.33 | 2.23 | 2.07 | 1.96 | 1.82 | 1.88 | ||||||
Based on: 10-K (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30).
1 Q4 2025 Calculation
Net fixed asset turnover
= (Net revenueQ4 2025
+ Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025)
÷ Fixed assets, net
= (1,582,500 + 1,359,800 + 1,353,100 + 1,338,200)
÷ 443,800 = 12.69
2 Click competitor name to see calculations.
- Net Revenue
- The net revenue exhibits a generally upward trend over the analyzed periods. Starting at approximately $831 million in mid-2020, there is a moderate increase through 2021, with revenues fluctuating between roughly $813 million and $930 million. From mid-2022 onwards, the revenue shows more pronounced growth, peaking at around $1.44 billion by early 2023. After a slight dip in mid-2023, revenues recover and generally stabilize around $1.35 billion towards the end of 2024, with a notable spike reaching $1.58 billion by the first quarter of 2025. This pattern indicates overall growth with seasonal or cyclical variations typical of the company's operating environment.
- Fixed Assets, Net
- The net value of fixed assets demonstrates a steady increase across the periods under review. The figure rises from about $129 million in mid-2020 to approximately $242 million by early 2022, marking a significant expansion of the asset base within the first half of the period. This growth continues, albeit at a slightly moderated pace, reaching approximately $404 million by early 2023. Subsequent quarters show ongoing incremental increases, culminating in about $444 million by the first quarter of 2025. The consistent rise in fixed assets suggests ongoing investment in property, plant, equipment, or capitalized development costs, reflecting an expanding operational footprint or upgrading of productive capacity.
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio, which measures revenue generated per unit of net fixed assets, shows a clear declining trend throughout the period. Starting at a high of approximately 26.22 in the middle of 2020, the ratio declines sharply to around 14.5 by the end of 2021, indicating that revenue growth did not keep pace proportionally with the increase in fixed assets during this time. The ratio continues to gradually decrease, stabilizing near the 12.7 to 13.8 range from early 2022 through early 2025. This decline implies diminishing efficiency in asset utilization, which could signal that additional assets have not yet produced proportional revenue increases, possibly due to lagging returns on recent investments or shifts in business operations.
- Summary Insights
- The data reflects a company experiencing substantial growth in net revenue and fixed asset investments over the five-year span. However, the decline in net fixed asset turnover suggests that the efficiency of these assets in generating revenue has decreased. The combination of rising fixed assets and increasing revenue, coupled with a falling turnover ratio, may indicate large-scale investments with benefits expected over a longer term or operational scaling effects. Continuous monitoring of asset utilization and corresponding revenue growth is advisable to ensure that capital expenditures translate into improved productivity and profitability.
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Take-Two Interactive Software Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Net revenue | 1,582,500) | 1,359,800) | 1,353,100) | 1,338,200) | 1,399,400) | 1,366,300) | 1,299,200) | 1,284,700) | 1,446,200) | 1,407,800) | 1,393,500) | 1,102,400) | 930,004) | 903,252) | 858,198) | 813,346) | 839,431) | 860,889) | 841,142) | 831,310) | ||||||
| Fixed assets, net | 443,800) | 426,000) | 433,500) | 422,000) | 411,100) | 400,400) | 392,000) | 405,900) | 402,800) | 360,600) | 333,800) | 300,200) | 242,039) | 235,957) | 231,230) | 224,880) | 149,364) | 135,257) | 133,404) | 128,904) | ||||||
| Operating lease right-of-use assets | 326,100) | 325,300) | 336,600) | 344,000) | 325,700) | 316,600) | 312,800) | 291,700) | 282,700) | 319,900) | 298,300) | 306,800) | 217,206) | 212,491) | 208,751) | 163,464) | 164,763) | 161,750) | 156,310) | 158,018) | ||||||
| Fixed assets, net (including operating lease, right-of-use asset) | 769,900) | 751,300) | 770,100) | 766,000) | 736,800) | 717,000) | 704,800) | 697,600) | 685,500) | 680,500) | 632,100) | 607,000) | 459,245) | 448,448) | 439,981) | 388,344) | 314,127) | 297,007) | 289,714) | 286,922) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 7.32 | 7.25 | 7.09 | 7.05 | 7.26 | 7.53 | 7.72 | 7.93 | 7.80 | 7.10 | 6.85 | 6.25 | 7.63 | 7.61 | 7.66 | 8.64 | 10.74 | 11.09 | 11.61 | 11.78 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | — | 1.62 | 1.71 | 1.81 | 1.90 | 1.94 | 1.99 | 2.03 | 2.07 | 2.12 | 2.13 | 2.16 | 2.23 | 2.31 | 2.33 | 2.31 | 2.33 | 2.22 | 2.10 | 1.96 | ||||||
| Meta Platforms Inc. | — | 1.07 | 1.10 | 1.14 | 1.21 | 1.23 | 1.28 | 1.27 | 1.23 | 1.21 | 1.19 | 1.21 | 1.26 | 1.35 | 1.46 | 1.62 | 1.69 | 1.73 | 1.71 | 1.63 | ||||||
| Trade Desk Inc. | — | — | 4.62 | 4.85 | 5.17 | 5.24 | 5.16 | 5.83 | 5.42 | 5.07 | 4.66 | 4.30 | 4.00 | 3.73 | 3.81 | 3.59 | 3.23 | 2.95 | 2.80 | 2.53 | ||||||
Based on: 10-K (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30).
1 Q4 2025 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset)
= (Net revenueQ4 2025
+ Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025)
÷ Fixed assets, net (including operating lease, right-of-use asset)
= (1,582,500 + 1,359,800 + 1,353,100 + 1,338,200)
÷ 769,900 = 7.32
2 Click competitor name to see calculations.
- Net Revenue
- The net revenue exhibits a generally upward trend over the observed periods. Starting at approximately $831 million in mid-2020, revenue experiences fluctuations but maintains growth momentum, reaching a peak exceeding $1.58 billion in the first quarter of 2025. Notably, there is a significant increase from June 2021 to December 2022, where revenue rises from around $813 million to nearly $1.41 billion, indicating a period of strong performance. Some moderation in growth is seen in mid-2023 to mid-2024, with revenue varying between $1.28 billion and $1.39 billion, before surging again notably in early 2025.
- Fixed Assets, Net (Including Operating Lease, Right-of-Use Asset)
- The net fixed assets demonstrate a steady increase throughout the timeline. Beginning at roughly $287 million in June 2020, the asset base grows consistently quarter-over-quarter, with a particularly marked jump occurring between March 2021 and June 2022 where assets rise from about $314 million to over $607 million. This growth trend continues more moderately thereafter, reaching approximately $770 million by the end of 2024 and slightly fluctuating in early 2025. The ascending asset values suggest ongoing investments in property and equipment or lease assets, possibly to support expanding operations or new initiatives.
- Net Fixed Asset Turnover (Including Operating Lease, Right-of-Use Asset)
- The net fixed asset turnover ratio, which measures the efficiency of asset usage to generate revenue, displays a declining trend from mid-2020 through mid-2021, decreasing from about 11.78 to 7.61. This indicates a reduction in the productivity of fixed assets during this timeframe. From June 2021 onwards, the ratio stabilizes and even shows slight improvement, rising from a low near 6.25 in June 2022 to levels around 7.3 by early 2025. Despite the initial decline, the turnover ratio's partial recovery suggests some enhancement in asset utilization efficiency in more recent quarters. However, the ratio remains significantly below the earlier levels, implying relatively lower back-end productivity of fixed assets than in the earlier period.
- Overall Insights
- The company demonstrates robust revenue growth alongside a continual expansion in fixed assets, reflecting strategic investment in capital resources. The declining asset turnover ratio in the initial periods suggests that asset growth has outpaced revenue gains temporarily, potentially due to lagging returns on new investments. The partial recovery in turnover ratio later on implies the company is beginning to leverage its expanded asset base more effectively. This pattern points to a phase of capacity building followed by gradual improvements in operational efficiency. Monitoring how these dynamics continue will be important to assess the company's ability to sustain revenue growth with efficient asset usage.
Total Asset Turnover
Take-Two Interactive Software Inc., total asset turnover calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Net revenue | 1,582,500) | 1,359,800) | 1,353,100) | 1,338,200) | 1,399,400) | 1,366,300) | 1,299,200) | 1,284,700) | 1,446,200) | 1,407,800) | 1,393,500) | 1,102,400) | 930,004) | 903,252) | 858,198) | 813,346) | 839,431) | 860,889) | 841,142) | 831,310) | ||||||
| Total assets | 9,180,700) | 12,679,900) | 13,075,300) | 12,944,600) | 12,216,900) | 14,895,700) | 15,207,400) | 15,525,300) | 15,862,100) | 16,881,400) | 17,492,900) | 17,744,900) | 6,546,219) | 6,357,953) | 6,619,031) | 6,314,255) | 6,028,218) | 5,966,099) | 5,836,154) | 5,369,241) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||
| Total asset turnover1 | 0.61 | 0.43 | 0.42 | 0.42 | 0.44 | 0.36 | 0.36 | 0.36 | 0.34 | 0.29 | 0.25 | 0.21 | 0.54 | 0.54 | 0.51 | 0.53 | 0.56 | 0.55 | 0.58 | 0.63 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | — | 0.72 | 0.74 | 0.76 | 0.78 | 0.79 | 0.79 | 0.78 | 0.76 | 0.75 | 0.76 | 0.77 | 0.77 | 0.79 | 0.78 | 0.76 | 0.72 | 0.69 | 0.66 | 0.60 | ||||||
| Comcast Corp. | — | 0.45 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.47 | 0.48 | 0.46 | 0.44 | 0.42 | 0.41 | 0.39 | 0.37 | ||||||
| Meta Platforms Inc. | — | 0.62 | 0.61 | 0.61 | 0.60 | 0.61 | 0.65 | 0.64 | 0.59 | 0.59 | 0.58 | 0.64 | 0.63 | 0.66 | 0.70 | 0.73 | 0.71 | 0.66 | 0.61 | 0.58 | ||||||
| Netflix Inc. | — | 0.79 | 0.79 | 0.77 | 0.73 | 0.72 | 0.74 | 0.72 | 0.69 | 0.66 | 0.63 | 0.64 | 0.65 | 0.66 | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 | 0.66 | ||||||
| Trade Desk Inc. | — | — | 0.45 | 0.45 | 0.40 | 0.42 | 0.42 | 0.44 | 0.40 | 0.41 | 0.40 | 0.41 | 0.36 | 0.38 | 0.38 | 0.38 | 0.33 | 0.37 | 0.37 | 0.34 | ||||||
| Walt Disney Co. | — | 0.48 | 0.48 | 0.47 | 0.47 | 0.46 | 0.46 | 0.45 | 0.43 | 0.43 | 0.42 | 0.42 | 0.41 | 0.40 | 0.38 | 0.36 | 0.33 | 0.31 | 0.29 | 0.30 | ||||||
Based on: 10-K (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30).
1 Q4 2025 Calculation
Total asset turnover
= (Net revenueQ4 2025
+ Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025)
÷ Total assets
= (1,582,500 + 1,359,800 + 1,353,100 + 1,338,200)
÷ 9,180,700 = 0.61
2 Click competitor name to see calculations.
- Net Revenue
-
The net revenue shows a generally increasing trend over the observed periods with some fluctuations. Initially, revenue hovers around the 830,000 to 900,000 thousand USD range from mid-2020 through early 2022. Starting mid-2022, there is a significant increase with quarterly revenues rising sharply to approximately 1,100,000 thousand USD and peaking near 1,446,200 thousand USD by the first quarter of 2023. A slight dip follows around mid-2023 to late 2023 before rebounding again in early 2024. The most recent figure in the first quarter of 2025 reaches 1,582,500 thousand USD, hitting the highest observed revenue in the data set. This pattern indicates a period of robust revenue growth beginning in mid-2022, interrupted briefly by moderate decreases, but overall improving towards the end of the timeline.
- Total Assets
-
Total assets show notable volatility and a complex trend. Initially, the asset base generally increases from approximately 5,369,241 thousand USD in mid-2020 to peak around 6,619,031 thousand USD by late 2021. This is followed by a sharp and substantial surge in assets from early 2022 through late 2022, reaching a peak near 17,844,900 thousand USD. After this peak, there is a steady decline through 2023 and into early 2024, with assets dropping to roughly 9,180,700 thousand USD by the first quarter of 2025. The dramatic increase and subsequent decline may indicate significant acquisitions, investments, or disposals impacting the asset base. Overall, the data reflect a period of aggressive asset growth followed by a marked reduction in the asset base towards the end of the period.
- Total Asset Turnover
-
The total asset turnover ratio, which measures efficiency in generating revenue from assets, starts relatively stable around 0.63 in mid-2020 and declines steadily to a low of approximately 0.51 by late 2021. A sharp decline occurs in early 2022 where the ratio drops significantly to as low as 0.21, coinciding with the spike in total assets. Following this drop, the ratio gradually recovers, increasing to roughly 0.36 by early 2023, and continues to improve through 2024. By the first quarter of 2025, the ratio reaches 0.61, indicating a recovery in the effectiveness of asset utilization. This trend suggests that the company initially experienced a large expansion in assets without a proportional increase in revenue, causing efficiency to drop, but later managed to increase revenue relative to assets, improving asset turnover subsequently.
Equity Turnover
Take-Two Interactive Software Inc., equity turnover calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Net revenue | 1,582,500) | 1,359,800) | 1,353,100) | 1,338,200) | 1,399,400) | 1,366,300) | 1,299,200) | 1,284,700) | 1,446,200) | 1,407,800) | 1,393,500) | 1,102,400) | 930,004) | 903,252) | 858,198) | 813,346) | 839,431) | 860,889) | 841,142) | 831,310) | ||||||
| Total Take-Two Interactive Software, Inc. stockholders’ equity | 2,137,700) | 5,701,900) | 5,798,500) | 5,991,500) | 5,667,900) | 8,508,600) | 8,430,100) | 8,940,200) | 9,042,500) | 9,550,400) | 9,433,500) | 9,662,300) | 3,809,659) | 3,665,737) | 3,469,668) | 3,618,932) | 3,331,892) | 3,155,291) | 2,901,282) | 2,651,028) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||
| Equity turnover1 | 2.64 | 0.96 | 0.94 | 0.90 | 0.94 | 0.63 | 0.65 | 0.62 | 0.59 | 0.51 | 0.46 | 0.39 | 0.92 | 0.93 | 0.97 | 0.93 | 1.01 | 1.04 | 1.16 | 1.27 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | — | 1.00 | 1.02 | 1.04 | 1.08 | 1.08 | 1.09 | 1.09 | 1.08 | 1.09 | 1.08 | 1.09 | 1.10 | 1.11 | 1.09 | 1.06 | 1.02 | 0.98 | 0.93 | 0.86 | ||||||
| Comcast Corp. | — | 1.27 | 1.28 | 1.43 | 1.45 | 1.43 | 1.46 | 1.48 | 1.47 | 1.46 | 1.43 | 1.46 | 1.50 | 1.51 | 1.33 | 1.27 | 1.21 | 1.19 | 1.15 | 1.13 | ||||||
| Meta Platforms Inc. | — | 0.98 | 0.92 | 0.92 | 0.90 | 0.95 | 0.96 | 0.95 | 0.88 | 0.89 | 0.90 | 0.94 | 0.93 | 0.95 | 0.95 | 0.97 | 0.94 | 0.84 | 0.76 | 0.71 | ||||||
| Netflix Inc. | — | 1.67 | 1.67 | 1.67 | 1.58 | 1.65 | 1.64 | 1.63 | 1.64 | 1.48 | 1.41 | 1.46 | 1.52 | 1.53 | 1.63 | 1.73 | 1.87 | 1.87 | 1.99 | 2.05 | ||||||
| Trade Desk Inc. | — | — | 0.99 | 0.95 | 0.83 | 0.88 | 0.90 | 0.95 | 0.90 | 0.85 | 0.84 | 0.85 | 0.75 | 0.77 | 0.78 | 0.78 | 0.78 | 0.86 | 0.86 | 0.83 | ||||||
| Walt Disney Co. | — | 0.87 | 0.90 | 0.91 | 0.91 | 0.89 | 0.90 | 0.88 | 0.90 | 0.90 | 0.89 | 0.88 | 0.87 | 0.88 | 0.85 | 0.81 | 0.76 | 0.73 | 0.68 | 0.72 | ||||||
Based on: 10-K (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-K (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30).
1 Q4 2025 Calculation
Equity turnover
= (Net revenueQ4 2025
+ Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025)
÷ Total Take-Two Interactive Software, Inc. stockholders’ equity
= (1,582,500 + 1,359,800 + 1,353,100 + 1,338,200)
÷ 2,137,700 = 2.64
2 Click competitor name to see calculations.
- Net Revenue Trends
- Net revenue demonstrates an overall upward trajectory with some fluctuations across the periods. Beginning at $831.3 million in June 2020, revenue shows moderate growth through early 2021, peaking briefly around March 2022 at $930 million. From this point, revenue experiences more pronounced increases, reaching approximately $1.44 billion by March 2023. After a slight dip in mid-2023, revenue recovers and continues to rise steadily, ultimately achieving a higher peak of $1.58 billion by March 2025. This pattern indicates robust growth punctuated by occasional minor declines, suggesting cyclical influences or market variability.
- Stockholders’ Equity Patterns
- Stockholders' equity shows marked variability over the time frame. Initially, equity progressively increases from approximately $2.65 billion in mid-2020 to a notable peak near $9.66 billion by June 2022, representing significant accumulation of equity. However, after this high point, equity undergoes a sharp contraction, declining substantially through subsequent periods to approximately $2.14 billion by March 2025. This steep decline following a substantial earlier gain suggests major capital structure adjustments or significant asset valuations changes during the later periods.
- Equity Turnover Analysis
- Equity turnover starts at a moderate level of around 1.27 in June 2020 and trends downward steadily, reaching a low stable range near 0.39 to 0.65 between mid-2022 and late 2023. This decline corresponds with the sharp increase in equity during the same interval, reflecting slower revenue generation relative to the equity base. However, beginning in early 2024, equity turnover reverses this trend and climbs significantly, reaching a peak at 2.64 by March 2025. This spike suggests a period of enhanced efficiency in utilizing equity to generate revenue, possibly driven by the drastic equity reduction combined with sustained or growing revenue figures.
- Insights and Summary
- The data presents a dynamic financial environment characterized by strong revenue growth, substantial fluctuations in stockholders’ equity, and shifting efficiency in asset utilization. The early growth in equity alongside steadily increasing revenue indicates asset accumulation or capital infusion supporting expansion. The subsequent dramatic equity decline paired with increasing equity turnover suggests a strategic realignment or restructuring phase, improving capital efficiency in generating revenue. Overall, the trends imply a transition from equity buildup to efficient leveraging of equity to maximize revenue generation by the end of the period.