Appfolio Inc (APPF)

Total asset turnover

		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	Mar 31, 2020
Revenue (ttm)	US$ in thousands	797,194	767,764	729,259	680,437	627,476	577,852	536,077	505,125	473,067	444,385	414,806	386,300	359,871	336,457	323,816	315,202	308,229	302,747	287,049	269,765
Total assets	US$ in thousands	626,678	523,297	479,317	438,770	408,889	378,600	351,359	370,700	381,217	384,882	375,428	400,034	408,017	407,387	399,072	378,697	389,480	386,272	320,351	293,427
Total asset turnover		1.27	1.47	1.52	1.55	1.53	1.53	1.53	1.36	1.24	1.15	1.10	0.97	0.88	0.83	0.81	0.83	0.79	0.78	0.90	0.92

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $797,194K ÷ $626,678K
= 1.27

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. For Appfolio Inc, the total asset turnover has shown fluctuations over the past few years.

From March 31, 2020, to December 31, 2022, the total asset turnover ratio ranged from 0.78 to 1.24, indicating that the company generated between $0.78 and $1.24 in sales for every dollar of assets it had during that period.

There was a significant improvement in the total asset turnover starting from March 31, 2023, where the ratio consistently increased, reaching 1.55 by March 31, 2024. This upward trend suggests that the company became more efficient in utilizing its assets to generate revenue.

Overall, the increasing trend in total asset turnover indicates that Appfolio Inc has been effectively utilizing its assets to drive sales growth, which is a positive signal for potential investors and stakeholders regarding the company's operational efficiency and financial performance.