Calix Inc (CALX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 831,518 | 1,039,590 | 867,827 | 679,394 | 541,239 |
| Total assets | US$ in thousands | 939,267 | 941,865 | 884,835 | 742,032 | 427,352 |
| Total asset turnover | 0.89 | 1.10 | 0.98 | 0.92 | 1.27 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $831,518K ÷ $939,267K
= 0.89
The total asset turnover of Calix Inc has fluctuated over the past five years. In December 31, 2020, the total asset turnover was 1.27, indicating that the company generated $1.27 in revenue for every dollar of assets. However, by December 31, 2021, the total asset turnover decreased to 0.92, suggesting that the company's efficiency in generating revenue from its assets declined.
In the following years, there were some improvements in total asset turnover as it increased to 0.98 by December 31, 2022 and further to 1.10 by December 31, 2023. This uptrend indicates that Calix Inc was able to generate more revenue relative to its total assets during these years. However, by December 31, 2024, the total asset turnover decreased to 0.89, dropping below the levels observed in the previous years.
Overall, fluctuations in total asset turnover could be a sign of changes in the company's operational efficiency and effectiveness in utilizing its assets to generate revenue. It is essential for Calix Inc to closely monitor and analyze these ratios to ensure sustainable growth and profitability in the long run.
Peer comparison
Dec 31, 2024