Cars.com Inc (CARS)

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	658,830	645,165	634,703	628,503	618,556	607,735	598,672	590,537	584,954	589,024	575,606	524,000	521,274	520,453	531,218	577,629	583,693	595,852	613,781	634,454
Total assets	US$ in thousands	1,172,450	1,103,190	1,085,540	1,002,220	1,024,870	1,050,170	1,051,460	1,069,220	1,007,200	998,127	1,020,880	1,035,810	1,075,710	1,068,450	1,077,640	1,255,920	2,027,990	2,059,880	2,527,390	2,580,270
Total asset turnover		0.56	0.58	0.58	0.63	0.60	0.58	0.57	0.55	0.58	0.59	0.56	0.51	0.48	0.49	0.49	0.46	0.29	0.29	0.24	0.25

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $658,830K ÷ $1,172,450K
= 0.56

Total asset turnover measures how efficiently a company utilizes its assets to generate sales revenue. A higher total asset turnover ratio indicates better efficiency in generating revenue from its assets.

Looking at the provided data for Cars.com, the total asset turnover has been relatively consistent over the past eight quarters, ranging from 0.59 to 0.66. This stability suggests that the company has been effectively utilizing its assets to generate sales revenue during this period.

The trend shows a slight increase from Q4 2022 to Q1 2023, reaching a peak of 0.66 before slightly decreasing in the subsequent quarters. Overall, the total asset turnover ratio for Cars.com remains within a narrow range, showcasing the company's ability to efficiently convert its assets into revenue.

However, it would be beneficial to compare Cars.com's total asset turnover ratio with industry peers or historical data to gain a better understanding of its performance relative to others in the same sector.