Arista Networks (ANET)

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	5,860,170	5,595,280	5,262,620	4,855,590	4,381,306	3,930,215	3,502,112	3,157,541	2,948,037	2,772,060	2,628,794	2,462,045	2,317,512	2,221,576	2,274,860	2,342,611	2,415,006	2,458,186	2,362,107	2,272,951
Total assets	US$ in thousands	9,946,810	9,069,040	8,186,040	7,543,070	6,775,410	6,162,010	5,824,540	6,108,190	5,734,430	5,437,350	5,208,280	4,893,730	4,738,920	4,399,370	4,335,850	4,111,840	4,185,290	3,619,820	3,441,290	3,332,440
Total asset turnover		0.59	0.62	0.64	0.64	0.65	0.64	0.60	0.52	0.51	0.51	0.50	0.50	0.49	0.50	0.52	0.57	0.58	0.68	0.69	0.68

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,860,170K ÷ $9,946,810K
= 0.59

Arista Networks Inc's total asset turnover has displayed stability and consistency over the past eight quarters, ranging from 0.52 to 0.65. The company's ability to generate sales revenue relative to its total assets has shown a slight decline in recent quarters, with a decrease from 0.64 in Q2 2023 to 0.59 in Q4 2023. This may indicate a potential inefficiency in asset utilization or a decrease in sales relative to the size of the asset base. However, the overall trend remains relatively stable, suggesting that Arista Networks Inc is effectively managing its assets to generate revenue. Further analysis and comparison with industry benchmarks could provide additional insights into the company's operational efficiency and financial performance.