ANGI Homeservices Inc (ANGI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,185,110 | 1,358,750 | 1,891,520 | 1,685,440 | 1,467,920 |
| Total assets | US$ in thousands | 1,830,740 | 1,856,220 | 1,907,780 | 2,010,140 | 2,368,180 |
| Total asset turnover | 0.65 | 0.73 | 0.99 | 0.84 | 0.62 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,185,110K ÷ $1,830,740K
= 0.65
The total asset turnover ratio of ANGI Homeservices Inc exhibits notable fluctuations over the period from December 31, 2020, to December 31, 2024. At the close of 2020, the ratio stood at 0.62, indicating that the company generated approximately $0.62 in revenue for every dollar of total assets. Moving into 2021, the ratio increased significantly to 0.84, reflecting improved efficiency in utilizing assets to generate sales.
This upward trend continued into 2022, with the ratio reaching 0.99, approaching a level close to unity, which typically signifies a high degree of asset utilization relative to sales. However, after this peak, the ratio experienced a decline in subsequent years, dropping to 0.73 by the end of 2023 and further to 0.65 by the end of 2024. These decreases suggest a reduction in the company's efficiency in generating sales from its assets.
Overall, the data indicates a period of operational improvement in 2021 and 2022, followed by a trend of decreasing asset efficiency in 2023 and 2024. This pattern may be reflective of strategic shifts, changes in business operations, or other external factors impacting asset utilization.
Peer comparison
Dec 31, 2024