CSG Systems International Inc (CSGS)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,170,020 | 1,091,100 | 1,044,030 | 990,533 | 996,810 |
| Total assets | US$ in thousands | 1,443,050 | 1,348,550 | 1,387,150 | 1,332,000 | 1,283,030 |
| Total asset turnover | 0.81 | 0.81 | 0.75 | 0.74 | 0.78 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,170,020K ÷ $1,443,050K
= 0.81
The total asset turnover ratio of CSG Systems International Inc. has varied over the past five years. In 2023 and 2022, the company maintained a stable total asset turnover ratio of 0.81, indicating that for each dollar of total assets, the company generated $0.81 in revenue. This suggests efficient asset utilization.
In 2021, the total asset turnover ratio decreased to 0.75, indicating a slight decline in the company's ability to generate revenue from its assets compared to the previous year. However, in 2020, the ratio improved slightly to 0.74, which may signify enhanced efficiency in asset utilization.
The total asset turnover ratio then increased to 0.78 in 2019, indicating that the company generated more revenue relative to its total assets compared to the previous year. Overall, fluctuations in the total asset turnover ratio over the five-year period suggest varying levels of efficiency in utilizing assets to generate revenue.
Peer comparison
Dec 31, 2023