Corsair Gaming Inc (CRSR)
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 | 1,316,379 | 1,320,042 | 1,379,036 | 1,443,168 | 1,459,875 | 1,441,319 | 1,389,895 | 1,348,371 | 1,375,098 | 1,486,990 | 1,566,342 | 1,755,337 | 1,904,060 | 1,949,777 | 2,015,759 | 1,923,263 | 1,702,367 | 1,472,583 | 1,299,852 | 1,160,309 |
| Total assets | US$ in thousands | 1,235,830 | 1,202,670 | 1,234,240 | 1,257,190 | 1,357,460 | 1,338,150 | 1,318,960 | 1,297,320 | 1,297,240 | 1,183,270 | 1,231,890 | 1,319,420 | 1,337,400 | 1,341,690 | 1,378,400 | 1,333,430 | 1,314,120 | 1,255,720 | 1,126,900 | 1,022,420 |
| Total asset turnover | 1.07 | 1.10 | 1.12 | 1.15 | 1.08 | 1.08 | 1.05 | 1.04 | 1.06 | 1.26 | 1.27 | 1.33 | 1.42 | 1.45 | 1.46 | 1.44 | 1.30 | 1.17 | 1.15 | 1.13 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,316,379K ÷ $1,235,830K
= 1.07
Total asset turnover is a financial ratio that measures the efficiency of a company in generating sales revenue from its assets. For Corsair Gaming Inc, the total asset turnover has fluctuated over the past few years. Initially, the ratio was around 1.13 in March 2020 and gradually increased to a peak of 1.46 in June 2021, indicating that the company was generating more sales relative to its total assets during this period.
However, from September 2021 onwards, the total asset turnover started to decline, reaching a low of 1.04 in March 2023. This downward trend suggests that Corsair Gaming Inc may be experiencing challenges in efficiently utilizing its assets to generate sales revenue. The ratio slightly improved in the following periods but remained relatively lower compared to the peak in June 2021.
As of December 31, 2024, the total asset turnover stood at 1.07, indicating that for every dollar of assets owned by Corsair Gaming Inc, the company generated $1.07 in sales. Overall, the trend in total asset turnover for Corsair Gaming Inc highlights the importance of effectively managing and utilizing assets to drive revenue generation.
Peer comparison
Dec 31, 2024