A10 Network (ATEN)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 251,700 | 280,338 | 250,042 | 225,526 | 212,391 |
| Total assets | US$ in thousands | 389,809 | 369,105 | 393,085 | 290,811 | 274,053 |
| Total asset turnover | 0.65 | 0.76 | 0.64 | 0.78 | 0.77 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $251,700K ÷ $389,809K
= 0.65
A10 Networks Inc's total asset turnover has been fluctuating over the past five years. In 2023, the company's total asset turnover ratio decreased to 0.65 from 0.76 in 2022, indicating that the company generated $0.65 in revenue for every dollar of assets. This decline may suggest a decrease in efficiency in utilizing its assets to generate sales. Comparing to the previous years, the ratio in 2023 was lower than the ratios in 2022 and 2020, but similar to the ratio in 2021. It was also lower than the ratio in 2019. Overall, the trend in total asset turnover for A10 Networks Inc has shown some inconsistency in recent years, potentially signaling variations in asset utilization efficiency.
Peer comparison
Dec 31, 2023