Name: Total Asset Turnover

Definition: Total asset turnover measures how efficiently the company generates sales from its entire asset base. A high turnover means the company gets a lot of sales out of relatively fewer assets — very efficient. A low turnover may suggest underused assets or bloated balance sheets.

Interpretation:
• In '2021', GITS's total asset turnover was 0.06, reflecting overall efficiency in utilizing assets. Industry average for Computer Software: Programming Data Processing in '2021' stood at 0.67.
• In '2022', GITS's total asset turnover was 0.06, reflecting overall efficiency in utilizing assets. The increase since '2021' reflects strengthening financial performance. Industry average for Computer Software: Programming Data Processing in '2022' stood at 0.72. Industry average increased by 0.05 compared to previous year.
• In '2023', GITS's total asset turnover was 0.00, reflecting overall efficiency in utilizing assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Computer Software: Programming Data Processing in '2023' stood at 0.75. Industry average increased by 0.03 compared to previous year.
• In '2024', GITS's total asset turnover was 0.00, reflecting overall efficiency in utilizing assets. The figure remained stable compared to '2023'. Industry average for Computer Software: Programming Data Processing in '2024' stood at 0.72. Industry average declined by 0.03 from previous year.
Overall, GITS's total asset turnover has been volatile but showed a downward trend over the past 4 years.

Formula: Total Asset Turnover = Net Sales / Total Assets

Good Range: Ranges from 0.5 to 2 depending on business type.