A10 Network (ATEN)

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	251,700	262,318	275,268	276,946	280,441	273,478	266,347	257,358	250,042	242,026	233,274	226,605	225,526	223,187	219,382	216,035	212,406	213,915	221,580	233,109
Total assets	US$ in thousands	389,809	377,842	368,232	357,285	369,105	352,661	384,565	361,747	393,085	374,445	296,138	291,580	290,811	284,097	272,608	270,057	274,053	228,947	226,812	231,977
Total asset turnover		0.65	0.69	0.75	0.78	0.76	0.78	0.69	0.71	0.64	0.65	0.79	0.78	0.78	0.79	0.80	0.80	0.78	0.93	0.98	1.00

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $251,700K ÷ $389,809K
= 0.65

A10 Networks Inc's total asset turnover has fluctuated over the past eight quarters, ranging from 0.65 to 0.77. The trend shows some variability, with the highest turnover recorded in Q1 2023 at 0.77 and the lowest in Q4 2023 at 0.65. Overall, the company's ability to generate sales from its total assets has been somewhat inconsistent, with some quarters performing better than others. It may be worth further investigation to understand the factors driving these fluctuations and to identify areas for potential improvement in asset utilization efficiency.