Cars.com Inc (CARS)

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	719,152	718,327	713,009	702,291	689,183	677,778	668,040	662,737	653,876	643,980	635,938	628,595	623,683	618,386	606,225	552,704	547,503	546,682	554,380	600,578
Total assets	US$ in thousands	1,111,860	1,118,510	1,120,540	1,143,130	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
Total asset turnover		0.65	0.64	0.64	0.61	0.59	0.61	0.62	0.66	0.64	0.61	0.60	0.59	0.62	0.62	0.59	0.53	0.51	0.51	0.51	0.48

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $719,152K ÷ $1,111,860K
= 0.65

The total asset turnover of Cars.com Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.48 in March 2020 and gradually increased to 0.66 by March 31, 2023. However, it then decreased slightly to 0.59 by June 30, 2023, before picking up again to reach 0.65 by December 31, 2024.

This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover generally signifies a more effective use of assets. In the case of Cars.com Inc, the trend of improvement in total asset turnover indicates that the company has been able to generate more revenue relative to its total assets over the period. This could be attributed to better asset management, operational efficiency, or increased sales volume.

Overall, the increasing trend in total asset turnover for Cars.com Inc suggests positive performance in terms of asset utilization and revenue generation efficiency. However, it is essential to monitor this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health and performance.