A10 Network (ATEN)
Working capital 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 current assets | US$ in thousands | 307,288 | 283,837 | 276,098 | 271,824 | 264,631 | 256,465 | 244,993 | 256,991 | 237,585 | 271,665 | 252,233 | 284,019 | 267,320 | 250,635 | 244,975 | 242,303 | 235,322 | 222,786 | 219,050 | 220,939 |
Total current liabilities | US$ in thousands | 123,573 | 127,038 | 112,860 | 111,069 | 111,331 | 107,078 | 103,045 | 118,248 | 122,279 | 122,459 | 109,332 | 116,085 | 103,224 | 103,342 | 99,018 | 107,780 | 96,777 | 96,258 | 90,898 | 97,581 |
Working capital turnover | 1.47 | 1.63 | 1.56 | 1.57 | 1.71 | 1.84 | 1.95 | 2.02 | 2.37 | 1.79 | 1.80 | 1.49 | 1.47 | 1.58 | 1.55 | 1.68 | 1.61 | 1.73 | 1.69 | 1.72 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $270,297K ÷ ($307,288K – $123,573K)
= 1.47
The working capital turnover ratio for A10 Network has shown some fluctuations over the analyzed period. It peaked at 2.37 on September 30, 2022, indicating that the company generated $2.37 in net sales for every dollar of working capital invested during that period. This suggests efficient utilization of working capital in generating revenue.
However, there have been periods where the working capital turnover ratio decreased, such as on September 30, 2021, when it dropped to 1.47. This could signal a decrease in efficiency in utilizing working capital to generate sales.
Overall, the trend in the working capital turnover ratio for A10 Network indicates some variability, with some periods showing better efficiency than others. It is essential for the company to closely monitor and manage its working capital to ensure optimal utilization and efficient operations.
Peer comparison
Dec 31, 2024