Corsair Gaming Inc (CRSR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Total assets | US$ in thousands | 1,357,460 | 1,297,240 | 1,337,400 | 1,314,120 |
| Total asset turnover | 1.08 | 1.06 | 1.42 | 1.30 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,459,880K ÷ $1,357,460K
= 1.08
Corsair Gaming Inc's total asset turnover ratio has fluctuated over the last five years. The company's total asset turnover ratio was 1.08 in 2023, indicating that for every dollar of total assets, Corsair generated $1.08 of revenue. This suggests a moderate efficiency in utilizing its assets to generate sales.
In the previous year, 2022, the total asset turnover ratio was slightly lower at 1.06, indicating a slight decrease in efficiency compared to 2023. However, in 2021, the total asset turnover ratio significantly improved to 1.42, showing that Corsair was able to generate more revenue for each dollar of total assets during that period.
In 2020 and 2019, the total asset turnover ratios were 1.30 and 1.04, respectively. The 2020 figure represents a stable efficiency in asset utilization, while the 2019 ratio indicates a lower revenue generation relative to total assets.
Overall, Corsair Gaming Inc's total asset turnover ratios have varied, with the company showing fluctuations in its ability to efficiently utilize its assets to generate revenue over the past five years.
Peer comparison
Dec 31, 2023