PC Connection Inc (CNXN)
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 | 2,850,161 | 2,886,154 | 2,968,760 | 3,063,722 | 3,124,985 | 3,192,747 | 3,168,423 | 3,044,075 | 2,892,633 | 2,768,107 | 2,669,491 | 2,515,332 | 2,590,290 | 2,631,231 | 2,707,889 | 2,898,963 | 2,820,232 | 2,813,125 | 2,742,333 | 2,707,827 |
| Total assets | US$ in thousands | 1,188,380 | 1,181,430 | 1,164,280 | 1,118,060 | 1,099,830 | 1,134,120 | 1,123,630 | 1,100,820 | 1,083,380 | 1,013,930 | 1,031,270 | 958,386 | 1,015,370 | 1,003,330 | 954,340 | 913,192 | 937,335 | 870,648 | 911,802 | 828,449 |
| Total asset turnover | 2.40 | 2.44 | 2.55 | 2.74 | 2.84 | 2.82 | 2.82 | 2.77 | 2.67 | 2.73 | 2.59 | 2.62 | 2.55 | 2.62 | 2.84 | 3.17 | 3.01 | 3.23 | 3.01 | 3.27 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,850,161K ÷ $1,188,380K
= 2.40
PC Connection, Inc.'s total asset turnover ratio has shown a slight decrease over the past four quarters, from 2.84 in Q4 2022 to 2.40 in Q4 2023. This indicates that the company generated $2.40 in revenue for every dollar of assets in Q4 2023. Despite the decline, the company's total asset turnover remains relatively stable, ranging from 2.40 to 2.84 over the past eight quarters. This suggests that PC Connection, Inc. efficiently utilizes its assets to generate sales, although there may be some fluctuations in asset management efficiency from quarter to quarter. Overall, the trend in total asset turnover indicates that PC Connection, Inc. has been effectively using its assets to generate revenue in the past year.
Peer comparison
Dec 31, 2023