Calix Inc (CALX)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 831,518 | 890,128 | 953,018 | 1,015,895 | 1,039,593 | 1,019,362 | 991,861 | 932,887 | 867,827 | 799,743 | 735,640 | 702,268 | 679,394 | 673,001 | 651,278 | 601,631 | 541,239 | 491,404 | 455,381 | 436,662 |
| Total assets | US$ in thousands | 939,267 | 937,525 | 917,896 | 922,788 | 941,865 | 926,660 | 941,768 | 914,827 | 884,835 | 866,879 | 792,812 | 775,246 | 742,032 | 695,717 | 507,835 | 468,135 | 427,352 | 385,333 | 321,314 | 324,054 |
| Total asset turnover | 0.89 | 0.95 | 1.04 | 1.10 | 1.10 | 1.10 | 1.05 | 1.02 | 0.98 | 0.92 | 0.93 | 0.91 | 0.92 | 0.97 | 1.28 | 1.29 | 1.27 | 1.28 | 1.42 | 1.35 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $831,518K ÷ $939,267K
= 0.89
Calix Inc's total asset turnover has exhibited fluctuations over the past few years. The ratio indicates how efficiently the company is utilizing its assets to generate revenue.
From March 31, 2020, to September 30, 2021, the total asset turnover generally ranged between 0.97 and 1.42, suggesting satisfactory asset utilization. However, a decline in the ratio was observed from September 30, 2021, to December 31, 2024, where it dropped to as low as 0.89.
The decreasing trend from September 2021 onwards may indicate potential issues with asset management efficiency or a decline in sales relative to the size of the balance sheet. Further investigation into the company's operations and financial performance during this period is recommended to determine the underlying reasons for the trend and assess its impact on overall performance.
Peer comparison
Dec 31, 2024