Akamai Technologies Inc (AKAM)

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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	3,826,238	3,733,857	3,652,471	3,620,307	3,608,242	3,585,821	3,548,899	3,483,286	3,407,208	3,348,137	3,281,469	3,224,148	3,146,371	3,072,207	2,995,310	2,915,391	2,862,686	2,803,926	2,760,364	2,716,372
Total assets	US$ in thousands	9,900,040	9,582,090	8,345,960	8,183,330	8,303,400	8,136,480	8,230,750	8,312,390	8,138,670	8,115,480	7,920,940	7,817,920	7,764,130	7,514,390	7,224,800	6,947,960	7,006,890	6,357,430	5,343,240	5,182,760
Total asset turnover		0.39	0.39	0.44	0.44	0.43	0.44	0.43	0.42	0.42	0.41	0.41	0.41	0.41	0.41	0.41	0.42	0.41	0.44	0.52	0.52

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,826,238K ÷ $9,900,040K
= 0.39

The total asset turnover ratio for Akamai Technologies Inc has remained relatively stable around the range of 0.39 to 0.44 over the past eight quarters. This ratio measures the company's efficiency in generating revenue from its total assets. A lower total asset turnover ratio indicates that the company is not effectively utilizing its assets to generate sales. On the other hand, a higher ratio implies better asset utilization efficiency.

Akamai's total asset turnover ratio of 0.39 to 0.44 suggests that, on average, the company generates between 39% to 44% of revenue for each dollar of total assets it holds. The consistency of this ratio over the quarters indicates a consistent level of asset utilization efficiency, as the company is maintaining a stable relationship between its asset base and revenue generation.

Further analysis and comparison with industry benchmarks or historical data could provide a better understanding of Akamai's asset management efficiency and its competitiveness within the industry.