Ciena Corp (CIEN)
Total asset turnover
| Nov 2, 2024 | Jul 27, 2024 | Apr 27, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,014,954 | 4,020,334 | 4,145,916 | 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 |
| Total assets | US$ in thousands | 5,641,340 | 5,575,130 | 5,614,800 | 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 |
| Total asset turnover | 0.71 | 0.72 | 0.74 | 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 |
November 2, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,014,954K ÷ $5,641,340K
= 0.71
Total asset turnover measures the efficiency of a company in generating sales revenue from its total assets. It indicates how well a company is utilizing its assets to generate revenue. A higher total asset turnover ratio signifies better asset utilization.
Looking at the total asset turnover trend of Ciena Corp over the past few quarters, we can observe some fluctuations. The ratio has ranged from 0.68 to 0.86 over the last several quarters, with an average around 0.75.
The trend shows some variability, with occasional increases and decreases. In general, the total asset turnover ratio has been relatively stable, indicating that Ciena Corp has been able to efficiently generate revenue from its assets over time.
It is essential for the company to monitor this ratio consistently and aim to maintain or improve it to ensure optimal asset utilization and overall operational efficiency. Further analysis of the company's business strategies and operational performance may provide insights into the factors influencing these fluctuations and help in making informed decisions for future growth and profitability.
Peer comparison
Nov 2, 2024