ADEIA CORP (ADEA)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	376,024	343,723	359,019	354,886	388,788	405,210	393,110	417,708	438,933	433,922	564,004	678,461	761,525	721,073	704,491	619,850
Total assets	US$ in thousands	1,097,960	1,083,160	1,068,670	1,079,340	1,105,560	1,124,070	1,122,610	1,153,820	1,210,530	2,160,730	2,481,300	2,478,830	2,470,020	2,524,540	2,576,790	2,634,910
Total asset turnover		0.34	0.32	0.34	0.33	0.35	0.36	0.35	0.36	0.36	0.20	0.23	0.27	0.31	0.29	0.27	0.24

December 31, 2024 calculation

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

The total asset turnover ratio for ADEIA CORP shows the efficiency with which the company is utilizing its assets to generate revenue. Over the period from March 31, 2021, to December 31, 2024, the total asset turnover has fluctuated. Initially, the ratio was relatively low at 0.24 on March 31, 2021, indicating that the company was generating $0.24 in revenue for every $1 of assets held.

Thereafter, the total asset turnover ratio improved, reaching its peak at 0.36 by December 31, 2022. This increase suggests that ADEIA CORP was generating more revenue per dollar of assets. However, the ratio declined slightly in the subsequent quarters but remained relatively stable around the 0.33 to 0.34 range from March 31, 2023, to June 30, 2024.

Overall, the trend in total asset turnover for ADEIA CORP shows some variability but indicates an improvement in asset utilization efficiency over the period under consideration. The company appears to have effectively managed its assets to generate revenue, with occasional fluctuations in performance.