Ciena Corp (CIEN)
Total asset turnover
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,014,960 | 4,386,550 | 3,632,660 | 3,620,680 | 3,532,160 |
| Total assets | US$ in thousands | 5,641,340 | 5,601,500 | 5,069,630 | 4,865,230 | 4,180,920 |
| Total asset turnover | 0.71 | 0.78 | 0.72 | 0.74 | 0.84 |
November 2, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,014,960K ÷ $5,641,340K
= 0.71
Ciena Corp's total asset turnover has fluctuated over the past five years, ranging from 0.71 to 0.84. A decreasing trend is observed from 2020 to 2024, indicating that the company is generating less revenue per dollar of assets invested. A lower total asset turnover may suggest inefficiency in asset utilization or potential challenges in generating sufficient sales from the assets employed. Further analysis and comparison with industry benchmarks are recommended to evaluate Ciena Corp's operational efficiency and financial performance.
Peer comparison
Nov 2, 2024