Crocs Inc (CROX)
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 | 3,799,361 | 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 | 1,221,229 | 1,174,239 | 1,127,337 | 1,100,907 |
| Total assets | US$ in thousands | 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 | 738,802 | 685,515 | 714,141 | 689,206 |
| Total asset turnover | 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 | 1.65 | 1.71 | 1.58 | 1.60 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,799,361K ÷ $4,643,830K
= 0.82
Crocs Inc's total asset turnover has shown a general increasing trend over the past eight quarters, from 0.56 in Q1 2022 to 0.85 in Q4 2023. This indicates that the company is generating more revenue for each dollar of assets it holds. A higher total asset turnover ratio suggests that Crocs is utilizing its assets more efficiently to generate sales. The consistent improvement in this ratio reflects a positive trend in the company's operational efficiency and effectiveness in utilizing its assets to drive revenue growth. It is important for investors and stakeholders to monitor this ratio to assess Crocs Inc's ability to effectively manage its assets and optimize its overall financial performance.
Peer comparison
Dec 31, 2023