ADEIA CORP (ADEA)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	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	1,105,560	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	2,701,180	2,668,700	2,752,610
Total asset turnover		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, 2023 calculation

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

ADEIA CORP's total asset turnover has shown some variability over the past few quarters. It increased from 0.24 in March 2021 to 0.36 by September 2023, indicating that the company's ability to generate revenue from its assets improved during this period.

However, there was a significant drop in total asset turnover in September 2022 to 0.20, suggesting that the company was less efficient in utilizing its assets to generate revenue during that quarter.

Overall, the trend in total asset turnover appears to be increasing since December 2020, with occasional fluctuations. Further analysis of the company's operations and asset management practices may provide insights into the fluctuations observed in the total asset turnover ratio.