Akamai Technologies Inc (AKAM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,022,890 | 3,826,240 | 3,631,300 | 3,409,920 | 3,151,090 |
| Total assets | US$ in thousands | 10,368,800 | 9,900,040 | 8,303,400 | 8,138,670 | 7,764,130 |
| Total asset turnover | 0.39 | 0.39 | 0.44 | 0.42 | 0.41 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,022,890K ÷ $10,368,800K
= 0.39
The total asset turnover of Akamai Technologies Inc has shown a slight increase over the past few years, from 0.41 in December 31, 2020, to 0.42 in December 31, 2021, and further to 0.44 in December 31, 2022. This indicates that the company is generating more revenue relative to its total assets in recent years. However, there was a slight decline to 0.39 in both December 31, 2023, and December 31, 2024, suggesting that the company may not be using its total assets as efficiently to generate revenue during those periods. Overall, it is essential for Akamai Technologies Inc to closely monitor its total asset turnover to ensure optimal utilization of assets in generating revenue.
Peer comparison
Dec 31, 2024