Arlo Technologies (ARLO)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 495,885 | 478,632 | 475,901 | 479,098 | 493,340 | 517,147 | 499,348 | 478,314 | 435,648 | 407,138 | 406,300 | 374,509 | 358,206 | 365,783 | 362,185 | 379,712 | 372,177 | 371,922 | 396,887 | 423,525 |
| Total assets | US$ in thousands | 285,538 | 297,637 | 269,021 | 257,083 | 272,201 | 331,216 | 299,678 | 311,790 | 347,490 | 333,326 | 330,781 | 347,194 | 413,968 | 388,899 | 389,957 | 410,176 | 542,712 | 426,995 | 415,462 | 480,374 |
| Total asset turnover | 1.74 | 1.61 | 1.77 | 1.86 | 1.81 | 1.56 | 1.67 | 1.53 | 1.25 | 1.22 | 1.23 | 1.08 | 0.87 | 0.94 | 0.93 | 0.93 | 0.69 | 0.87 | 0.96 | 0.88 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $495,885K ÷ $285,538K
= 1.74
The total asset turnover ratio of Arlo Technologies Inc has been fluctuating over the past eight quarters. In Q4 2023, the ratio stands at 1.72, showing that the company generated $1.72 in sales for every dollar of assets it owns. This is a slight increase from the previous quarter, indicating that the company is utilizing its assets more efficiently to generate revenue.
Looking at the trend over the past year, the ratio has ranged from 1.53 to 1.85. While there have been fluctuations, the trend seems to show some level of consistency in the company's ability to generate sales relative to its total assets.
Overall, the total asset turnover ratio suggests that Arlo Technologies Inc is effectively managing its assets to generate revenue, with the latest ratio indicating improved efficiency in asset utilization compared to the previous quarter.
Peer comparison
Dec 31, 2023