A10 Network (ATEN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 261,696 | 251,700 | 280,338 | 250,042 | 225,526 |
| Total assets | US$ in thousands | 432,815 | 389,809 | 369,105 | 393,085 | 290,811 |
| Total asset turnover | 0.60 | 0.65 | 0.76 | 0.64 | 0.78 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $261,696K ÷ $432,815K
= 0.60
The total asset turnover ratio measures how efficiently a company generates revenue from its assets. For A10 Network, the total asset turnover ratio has shown a declining trend over the last five years. In December 31, 2020, the ratio was 0.78, indicating that the company generated $0.78 in revenue for every dollar of assets.
However, by December 31, 2024, the total asset turnover ratio had decreased to 0.60, suggesting a decrease in efficiency in utilizing its assets to generate revenue. This decline may raise concerns about the company's operational efficiency and its ability to effectively utilize its assets to drive revenue growth.
It is essential for A10 Network to closely monitor and analyze the factors contributing to this declining trend in total asset turnover to identify areas for improvement and enhance operational efficiency in the future. Further analysis and strategic initiatives may be necessary to reverse this trend and improve the company's overall financial performance.
Peer comparison
Dec 31, 2024