ADEIA CORP (ADEA)

Total asset turnover

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

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $388,788K ÷ $1,105,560K
= 0.35

ADEIA CORP's total asset turnover has shown a fluctuating trend over the past four years. The ratio decreased from 0.19 in 2020 to 0.16 in 2021, indicating that the company generated lesser revenue relative to its total assets in 2021. However, there was a slight improvement in 2022 with a total asset turnover of 0.36, suggesting a better utilization of assets to generate revenue. In the most recent year, 2023, the total asset turnover decreased to 0.35, which may indicate a slight decline in efficiency in generating revenue per dollar of assets. Overall, the company's total asset turnover has been varied, and further analysis of the company's operations and asset management efficiency may be needed to understand the underlying factors driving these fluctuations.