Crocs Inc (CROX)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,063,771 | 4,001,482 | 3,944,352 | 3,864,032 | 3,799,361 | 3,774,430 | 3,720,249 | 3,622,738 | 3,424,385 | 3,112,307 | 2,781,762 | 2,484,734 | 2,300,270 | 2,125,150 | 1,864,815 | 1,557,826 | 1,377,267 | 1,228,740 | 1,178,749 | 1,205,848 |
| Total assets | US$ in thousands | 4,812,150 | 4,713,150 | 4,719,800 | 4,795,600 | 4,643,830 | 4,581,360 | 4,603,120 | 4,595,640 | 4,501,800 | 4,543,170 | 4,586,640 | 4,470,660 | 1,545,070 | 1,745,060 | 1,493,800 | 1,362,320 | 1,118,720 | 802,045 | 810,884 | 836,240 |
| Total asset turnover | 0.84 | 0.85 | 0.84 | 0.81 | 0.82 | 0.82 | 0.81 | 0.79 | 0.76 | 0.69 | 0.61 | 0.56 | 1.49 | 1.22 | 1.25 | 1.14 | 1.23 | 1.53 | 1.45 | 1.44 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,063,771K ÷ $4,812,150K
= 0.84
Crocs Inc's total asset turnover ratio has fluctuated over the years, indicating changes in how efficiently the company is utilizing its assets to generate revenue.
The ratio increased steadily from March 31, 2020, to December 31, 2021, reaching a peak of 1.53 in September 30, 2020. This suggests that Crocs was effectively generating revenue relative to its total assets during this period.
However, starting from March 31, 2022, the total asset turnover ratio began to decline significantly, reaching a low point of 0.56 by March 31, 2022. This downward trend continued until June 30, 2024, although there was a slight uptick in the ratio during the last two quarters of 2024.
The decreasing trend in the total asset turnover ratio from 2022 onwards may indicate inefficiencies in asset utilization or declining revenue generation relative to the total assets of the company. Crocs may need to reassess its asset management strategies to improve efficiency and enhance overall performance.
Peer comparison
Dec 31, 2024