Ciena Corp (CIEN)
Total asset turnover
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,367,750 | 4,386,560 | 4,228,080 | 4,028,171 | 3,844,738 | 3,632,661 | 3,703,141 | 3,823,301 | 3,708,001 | 3,620,688 | 3,407,678 | 3,396,249 | 3,456,375 | 3,477,772 | 3,468,109 | 3,221,375 | 2,973,457 | 2,939,379 | 2,849,281 | 2,814,309 |
| Total assets | US$ in thousands | 5,593,210 | 5,601,500 | 5,723,210 | 5,775,640 | 5,672,500 | 5,069,630 | 4,900,780 | 4,964,130 | 4,900,360 | 4,865,230 | 4,655,870 | 4,388,010 | 4,186,900 | 4,180,920 | 4,055,190 | 3,856,760 | 3,618,110 | 3,622,700 | 3,506,550 | 3,469,380 |
| Total asset turnover | 0.78 | 0.78 | 0.74 | 0.70 | 0.68 | 0.72 | 0.76 | 0.77 | 0.76 | 0.74 | 0.73 | 0.77 | 0.83 | 0.83 | 0.86 | 0.84 | 0.82 | 0.81 | 0.81 | 0.81 |
January 27, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,367,750K ÷ $5,593,210K
= 0.78
Total asset turnover measures how efficiently a company generates sales revenue from its total assets. A higher total asset turnover ratio indicates better efficiency in asset utilization. Analyzing CIENA Corp.'s total asset turnover over the past eight quarters, we observe that it has ranged from 0.68 to 0.78.
The trend shows a fluctuation with a slight increase in the most recent quarters, indicating a moderate improvement in asset utilization efficiency. However, the ratios remain below 1, suggesting that CIENA Corp. may have room to enhance its operational efficiency in utilizing its assets to generate sales.
Overall, while there has been some variability in total asset turnover, the company may benefit from further optimizing its asset management strategies to potentially increase revenue generation from its existing asset base.
Peer comparison
Jan 27, 2024