Corsair Gaming Inc (CRSR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | |||
| Total assets | US$ in thousands | 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 |
| Total asset turnover | 1.08 | 1.08 | 1.05 | 1.04 | 1.06 | 1.26 | 1.27 | 1.33 | 1.42 | 1.45 | 1.46 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,459,875K ÷ $1,357,460K
= 1.08
Total asset turnover measures a company's ability to generate sales from its assets. It indicates how efficiently the company is utilizing its assets to generate revenue.
Based on the data provided for Corsair Gaming Inc, the total asset turnover has exhibited some fluctuations over the past eight quarters. The ratio ranged from 1.33 in Q1 2022 to 1.04 in Q1 2023, with some variability but generally maintaining above 1. This suggests that Corsair Gaming Inc is effectively utilizing its assets to generate revenue, as a ratio of 1 or higher is considered favorable.
The decreasing trend from Q1 2022 to Q1 2023 may indicate a potential decrease in sales generated from the company's assets during that period. It is essential for the company to closely monitor its asset utilization and sales generation to maintain an efficient level of total asset turnover.
Overall, the total asset turnover of Corsair Gaming Inc has remained relatively healthy, indicating efficient asset utilization to generate sales, albeit with some fluctuations over the quarters. This metric should be analyzed in conjunction with other financial ratios and factors to gain a comprehensive understanding of the company's financial performance.
Peer comparison
Dec 31, 2023