A10 Network (ATEN)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	270,297	255,634	255,392	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
Total assets	US$ in thousands	432,815	407,747	395,658	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
Total asset turnover		0.62	0.63	0.65	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $270,297K ÷ $432,815K
= 0.62

The total asset turnover of A10 Network has shown fluctuations over the years, ranging from 0.62 to 0.80. The ratio indicates the efficiency of the company in generating revenue relative to its total assets. A higher total asset turnover generally signifies that the company is utilizing its assets more efficiently to generate sales.

In the case of A10 Network, the ratio has experienced minor fluctuations but has predominantly remained in the range of 0.60 to 0.80 between December 2019 and December 2024. The ratio peaked at 0.80 in March 2020, June 2020, and March 2023, indicating relatively efficient asset utilization during those periods. However, the ratio declined to 0.62 by December 2024, suggesting a decrease in the company's ability to generate sales relative to its total assets.

Overall, the trend in A10 Network's total asset turnover shows some variability, and further analysis is recommended to understand the factors influencing these fluctuations and their impact on the company's overall financial performance.