Crocs Inc (CROX)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,799,360 | 3,421,060 | 2,291,690 | 1,375,710 | 1,219,870 |
| Total assets | US$ in thousands | 4,643,830 | 4,501,800 | 1,545,070 | 1,118,720 | 738,802 |
| Total asset turnover | 0.82 | 0.76 | 1.48 | 1.23 | 1.65 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,799,360K ÷ $4,643,830K
= 0.82
Total asset turnover is a key financial ratio that measures how efficiently a company is using its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
Analyzing Crocs Inc's total asset turnover over the past five years, we observe fluctuations in the ratio. In 2023, the total asset turnover was 0.85, which indicates that Crocs generated $0.85 in revenue for every dollar of assets. Compared to the previous year (0.79), there was a slight improvement in asset utilization efficiency.
Looking back to 2021, Crocs experienced a significant decrease in total asset turnover to 1.50, implying that the company generated $1.50 in revenue for every dollar of assets. This spike could be due to changes in the company's operations or asset structure.
In 2020 and 2019, the total asset turnover ratios were 1.24 and 1.67, respectively. These figures suggest that Crocs was more efficient in utilizing its assets to generate revenue in those years compared to 2021.
Overall, the trend in Crocs Inc's total asset turnover indicates fluctuations in asset utilization efficiency over the past five years. It is essential for investors and stakeholders to monitor this ratio to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023