CSG Systems International Inc (CSGS)

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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,169,541	1,161,418	1,147,858	1,123,699	1,089,401	1,074,926	1,064,033	1,056,215	1,044,162	1,029,599	1,011,292	997,263	990,533	984,793	992,099	997,634	996,810	989,330	950,971	918,148
Total assets	US$ in thousands	1,443,050	1,329,600	1,293,070	1,296,010	1,348,550	1,259,140	1,290,680	1,303,330	1,387,150	1,364,760	1,291,680	1,274,480	1,332,000	1,271,820	1,269,380	1,224,460	1,283,030	1,207,160	1,179,720	1,147,050
Total asset turnover		0.81	0.87	0.89	0.87	0.81	0.85	0.82	0.81	0.75	0.75	0.78	0.78	0.74	0.77	0.78	0.81	0.78	0.82	0.81	0.80

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,169,541K ÷ $1,443,050K
= 0.81

The total asset turnover for CSG Systems International Inc. has shown some fluctuations over the past eight quarters. The ratio varied between 0.81 and 0.89 during this period. It peaked at 0.89 in Q2 2023 and Q4 2022, indicating that the company generated $0.89 in revenue for every dollar of assets owned during those quarters. On the other hand, the lowest total asset turnover of 0.81 was observed in Q4 2023 and Q4 2022.

Overall, the company's total asset turnover has shown some level of consistency, mostly ranging between 0.81 and 0.89. This suggests that CSG Systems International Inc. has been effectively utilizing its assets to generate revenue, with a reasonable level of efficiency. The management should continue monitoring this ratio to ensure optimal asset utilization and sustainable growth.