Calix Inc (CALX)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,040,390 | 868,127 | 679,394 | 537,325 | 421,694 |
| Total assets | US$ in thousands | 941,865 | 884,835 | 742,032 | 427,352 | 316,823 |
| Total asset turnover | 1.10 | 0.98 | 0.92 | 1.26 | 1.33 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,040,390K ÷ $941,865K
= 1.10
The total asset turnover ratio of Calix Inc has fluctuated over the past five years. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher ratio is generally favorable as it suggests that the company is generating more revenue per dollar of assets.
In 2023, the total asset turnover ratio increased to 1.10 from 0.98 in 2022, indicating an improvement in asset utilization efficiency. However, the ratio is still below the levels seen in 2020 and 2019, which were 1.27 and 1.34 respectively.
The decrease in the total asset turnover ratio from 2020 to 2021 and the subsequent increase in 2022 and 2023 suggest fluctuations in how efficiently Calix Inc is generating revenue from its assets. Further analysis of the underlying reasons for these fluctuations would be necessary to fully understand the company's asset management efficiency.
Peer comparison
Dec 31, 2023