Appfolio Inc (APPF)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 794,202 | 627,476 | 477,223 | 360,251 | 495,865 |
| Total assets | US$ in thousands | 626,678 | 408,889 | 381,217 | 408,017 | 389,480 |
| Total asset turnover | 1.27 | 1.53 | 1.25 | 0.88 | 1.27 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $794,202K ÷ $626,678K
= 1.27
Appfolio Inc's total asset turnover ratio has fluctuated over the past five years. The ratio was 1.27 in December 31, 2020, decreased to 0.88 by December 31, 2021, and then increased to 1.25 by December 31, 2022. In the following year, December 31, 2023, the ratio significantly improved to 1.53 and then returned to 1.27 by December 31, 2024.
The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets, reflecting efficiency in asset utilization. On the other hand, a lower ratio suggests that the company may not be utilizing its assets effectively to generate revenue.
Overall, the fluctuation in Appfolio Inc's total asset turnover ratio over the years indicates varying levels of asset efficiency. It would be essential for stakeholders to closely monitor this ratio to assess the company's asset utilization trends and operational performance.
Peer comparison
Dec 31, 2024