Columbia Sportswear Company (COLM)

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	3,508,867	3,617,807	3,586,986	3,545,274	3,486,171	3,445,691	3,294,837	3,281,517	3,141,308	2,921,771	2,812,935	2,558,932	2,501,554	2,540,798	2,746,499	2,956,098	3,042,478	3,005,209	2,894,217	2,849,626
Total assets	US$ in thousands	2,939,010	2,798,940	2,789,800	2,888,970	3,051,550	2,890,150	2,726,790	2,787,980	3,067,130	2,889,360	2,863,300	2,793,910	2,836,570	2,652,310	2,622,400	2,751,490	2,931,590	2,751,080	2,662,450	2,613,710
Total asset turnover		1.19	1.29	1.29	1.23	1.14	1.19	1.21	1.18	1.02	1.01	0.98	0.92	0.88	0.96	1.05	1.07	1.04	1.09	1.09	1.09

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,508,867K ÷ $2,939,010K
= 1.19

Columbia Sportswear Co.'s total asset turnover has shown variations over the past eight quarters. The ratio has generally been above 1, indicating that the company is efficiently utilizing its assets to generate revenue. The highest total asset turnover was recorded in Q3 2023 at 1.29, suggesting an optimal level of asset utilization during that period. However, there was a slight dip in Q4 2023 to 1.19, which may be worth investigating further to determine the cause. Overall, the trend in total asset turnover for Columbia Sportswear Co. indicates generally effective management of assets to drive revenue generation.