ADEIA CORP (ADEA)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	376,024	388,788	438,933	391,212	515,919
Total assets	US$ in thousands	1,097,960	1,105,560	1,210,530	2,470,020	2,701,180
Total asset turnover		0.34	0.35	0.36	0.16	0.19

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $376,024K ÷ $1,097,960K
= 0.34

The total asset turnover ratio of ADEIA CORP has shown fluctuating trends over the past five years. In 2020, the ratio stood at 0.19, indicating that $0.19 in revenue was generated for every dollar of assets the company possessed. The ratio decreased slightly to 0.16 in 2021, suggesting a decrease in efficiency in utilizing its assets to generate revenue.

However, there was a notable improvement in 2022, with the total asset turnover ratio increasing to 0.36. This indicates that ADEIA CORP was able to generate $0.36 in revenue for every dollar of assets, reflecting a more efficient use of assets to drive sales.

In subsequent years, the ratio remained relatively stable, with values of 0.35 in 2023 and 0.34 in 2024. These consistent ratios suggest that the company has maintained its ability to generate revenue efficiently relative to its asset base.

Overall, the total asset turnover ratio of ADEIA CORP has displayed a mix of fluctuations and stability over the years, with a significant improvement in 2022. This indicates varying levels of effectiveness in utilizing assets to generate revenue, highlighting the importance of monitoring and managing asset turnover to optimize the company's financial performance.