Calix Inc (CALX)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,040,393 | 1,019,662 | 992,161 | 933,187 | 868,127 | 799,743 | 735,640 | 702,268 | 679,394 | 673,001 | 651,278 | 601,631 | 541,239 | 491,404 | 455,381 | 436,662 | 424,235 | 419,560 | 419,774 | 431,172 |
| Total assets | US$ in thousands | 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 | 316,823 | 316,511 | 311,248 | 318,152 |
| Total asset turnover | 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 | 1.34 | 1.33 | 1.35 | 1.36 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,040,393K ÷ $941,865K
= 1.10
Calix Inc's total asset turnover ratio has been gradually increasing over the past eight quarters, from 0.91 in Q1 2022 to 1.10 in Q4 2023. This indicates that the company is generating more revenue relative to its total assets, reflecting improved efficiency in asset utilization. The consistent increase in total asset turnover suggests that Calix Inc has been successful in generating higher sales volume with relatively stable total assets, which is a positive sign of operational effectiveness and productivity. It shows that the company is managing its assets efficiently to generate more revenue, potentially leading to improved profitability in the future. Overall, the trend in total asset turnover ratio reflects positively on Calix Inc's operational performance and financial management.
Peer comparison
Dec 31, 2023