Crocs Inc (CROX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,094,330 | 3,799,360 | 3,421,060 | 2,291,690 | 1,375,710 |
| Total assets | US$ in thousands | 4,812,150 | 4,643,830 | 4,501,800 | 1,545,070 | 1,118,720 |
| Total asset turnover | 0.85 | 0.82 | 0.76 | 1.48 | 1.23 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,094,330K ÷ $4,812,150K
= 0.85
Crocs Inc's total asset turnover ratio has fluctuated over the past five years. The ratio increased from 1.23 in 2020 to 1.48 in 2021, indicating that the company generated $1.48 in revenue for every dollar of assets. However, in 2022, the total asset turnover decreased significantly to 0.76, suggesting that the company became less efficient in utilizing its assets to generate sales. The ratio improved slightly in 2023 and 2024 to 0.82 and 0.85, respectively, but still remained below the levels observed in 2021. Overall, Crocs Inc may need to focus on enhancing its asset management practices to improve its efficiency in generating revenue relative to its total assets.
Peer comparison
Dec 31, 2024