CSG Systems International Inc (CSGS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,197,250 | 1,169,260 | 1,089,750 | 1,046,490 | 990,533 |
| Total assets | US$ in thousands | 1,500,690 | 1,443,050 | 1,348,550 | 1,387,150 | 1,332,000 |
| Total asset turnover | 0.80 | 0.81 | 0.81 | 0.75 | 0.74 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,197,250K ÷ $1,500,690K
= 0.80
CSG Systems International Inc's total asset turnover has shown a gradual improvement over the years. The company's total asset turnover ratio was 0.74 in December 2020, which increased slightly to 0.75 in December 2021. Subsequently, there was a more notable improvement, with the ratio reaching 0.81 in both December 2022 and December 2023. However, there was a slight dip to 0.80 by December 2024.
This trend indicates that CSG Systems International Inc has been effectively utilizing its assets to generate revenue, with a peak in efficiency observed in 2022 and 2023. The slight decline in 2024 suggests that there may have been changes in the company's operations or asset base during that period. Overall, the increasing trend in total asset turnover reflects improving operational efficiency and asset utilization by the company, although the slight decrease in 2024 may warrant further analysis to understand the underlying reasons.
Peer comparison
Dec 31, 2024