ANGI Homeservices Inc (ANGI)
Total asset turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,125,635 | 1,185,112 | 1,217,676 | 1,292,794 | 1,352,728 | 1,439,745 | 1,580,858 | 1,707,057 | 1,847,771 | 1,891,523 | 1,865,833 | 1,829,362 | 1,734,568 | 1,685,438 | 1,628,883 | 1,557,231 | 1,511,304 | 1,467,925 | 1,430,132 | 1,397,577 |
| Total assets | US$ in thousands | 1,805,530 | 1,830,740 | 1,856,010 | 1,852,460 | 1,834,980 | 1,856,220 | 1,905,760 | 1,902,220 | 1,888,900 | 1,907,780 | 1,968,160 | 2,017,520 | 2,004,820 | 2,010,140 | 2,075,040 | 2,106,730 | 2,301,590 | 2,368,180 | 2,414,600 | 1,925,390 |
| Total asset turnover | 0.62 | 0.65 | 0.66 | 0.70 | 0.74 | 0.78 | 0.83 | 0.90 | 0.98 | 0.99 | 0.95 | 0.91 | 0.87 | 0.84 | 0.78 | 0.74 | 0.66 | 0.62 | 0.59 | 0.73 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,125,635K ÷ $1,805,530K
= 0.62
The analysis of ANGI Homeservices Inc.'s total asset turnover ratio over the specified period reveals several noteworthy trends. Beginning with a ratio of approximately 0.73 as of June 30, 2020, there was a decline through the subsequent quarters, reaching a low of around 0.59 by September 30, 2020. This initial decrease suggests a period of diminished efficiency in generating sales revenue from the company's assets during this time.
From late 2020 into 2021, the total asset turnover exhibited a gradual recovery, rising steadily to approximately 0.84 by December 31, 2021. This upward trend continued into 2022, with ratios reaching as high as 0.95 by September 30, 2022. The increase indicates enhanced utilization of assets to produce sales, reflecting potential operational efficiencies or strategic improvements.
However, starting in late 2022, the ratio evidenced a slight decline, moving to approximately 0.83 by September 30, 2023, and further decreasing to 0.78 by December 31, 2023. The downward momentum persisted into 2024, with ratios declining to 0.62 by March 31, 2025. This sustained decrease over time suggests a reduction in asset efficiency, potentially attributable to increased asset base without a commensurate rise in sales, changes in business operations, or market dynamics impacting revenue generation.
In summary, the company's total asset turnover experienced an initial decline during 2020, followed by a significant recovery and peak in 2022, succeeded by a gradual decline into 2025. These fluctuations reflect changes in how effectively ANGI Homeservices Inc. utilizes its assets to generate sales over the analyzed period.
Peer comparison
Mar 31, 2025