Arlo Technologies (ARLO)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 497,111 | 493,340 | 435,648 | 358,248 | 427,625 |
| Total assets | US$ in thousands | 285,538 | 272,201 | 347,490 | 413,968 | 542,712 |
| Total asset turnover | 1.74 | 1.81 | 1.25 | 0.87 | 0.79 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $497,111K ÷ $285,538K
= 1.74
The total asset turnover of Arlo Technologies Inc has shown a fluctuating trend over the past five years. In 2019, it had a relatively low total asset turnover of 0.68, indicating that the company generated $0.68 in revenue for every dollar of assets.
However, there has been a steady improvement in the total asset turnover since then. In 2020, the total asset turnover increased to 0.86, signifying enhanced efficiency in asset utilization to generate revenue. This trend continued in 2021 and 2022, with the total asset turnover reaching 1.25 and 1.80, respectively.
In 2023, there was a slight decrease in the total asset turnover to 1.72 compared to the previous year. Despite the decline, the total asset turnover remains at a relatively high level, indicating that Arlo Technologies Inc is efficiently utilizing its assets to generate revenue.
Overall, the increasing trend in the total asset turnover over the past five years suggests that Arlo Technologies Inc has been improving its asset utilization efficiency, which is a positive indicator of the company's operational performance.
Peer comparison
Dec 31, 2023