Akamai Technologies Inc (AKAM)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	3,826,240	3,631,300	3,409,920	3,151,090	2,849,370
Total assets	US$ in thousands	9,900,040	8,303,400	8,138,670	7,764,130	7,006,890
Total asset turnover		0.39	0.44	0.42	0.41	0.41

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $3,826,240K ÷ $9,900,040K
= 0.39

Akamai Technologies Inc's total asset turnover ratio has fluctuated over the past five years. In 2023, the total asset turnover was 0.39, showing a decrease from the previous year's ratio of 0.44. This implies that the company generated $0.39 in revenue for every $1 of total assets. Despite the decline in 2023, the ratio remains within a relatively stable range observed in the preceding years (0.41-0.44). A lower total asset turnover ratio may suggest inefficiencies in asset utilization, indicating that the company is not generating as much revenue from its total assets compared to previous years. Further analysis into the reasons behind this trend would be necessary to understand the implications for Akamai Technologies Inc's operational efficiency and financial performance.