Corsair Gaming Inc (CRSR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,316,380 | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Total assets | US$ in thousands | 1,235,830 | 1,357,460 | 1,297,240 | 1,337,400 | 1,314,120 |
| Total asset turnover | 1.07 | 1.08 | 1.06 | 1.42 | 1.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,316,380K ÷ $1,235,830K
= 1.07
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue relative to its total assets. For Corsair Gaming Inc, the total asset turnover has shown varying trends over the years:
- In December 31, 2020, the total asset turnover was 1.30, indicating that the company generated $1.30 in sales for every $1 of total assets during that period.
- By December 31, 2021, the total asset turnover improved to 1.42, suggesting that Corsair Gaming Inc became more efficient in utilizing its assets to generate sales revenue.
- However, in December 31, 2022, there was a decline in the total asset turnover to 1.06, indicating a potential decrease in asset efficiency in generating sales.
- The trend continued in December 31, 2023, with a slight increase to 1.08, but still below the levels seen in 2021.
- Finally, in December 31, 2024, the total asset turnover remained relatively stable at 1.07, suggesting that Corsair Gaming Inc's asset utilization efficiency did not show significant improvement.
Overall, although there have been fluctuations in Corsair Gaming Inc's total asset turnover over the years, it is essential for the company to focus on optimizing its assets to drive higher sales and improve financial performance in the future.
Peer comparison
Dec 31, 2024