Dropbox Inc (DBX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,548,200 | 2,501,600 | 2,324,900 | 2,157,900 | 1,913,900 |
| Total assets | US$ in thousands | 3,325,200 | 2,983,500 | 3,110,100 | 3,091,300 | 2,387,200 |
| Total asset turnover | 0.77 | 0.84 | 0.75 | 0.70 | 0.80 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,548,200K ÷ $3,325,200K
= 0.77
Dropbox Inc's total asset turnover ratio, which measures the efficiency of the company in generating revenue from its total assets, has exhibited fluctuations over the years. The ratio stood at 0.80 as of December 31, 2020, indicating that the company generated $0.80 in revenue for every $1 of total assets during that period.
From 2020 to 2021, there was a decrease in the total asset turnover ratio to 0.70, suggesting a decline in the company's ability to efficiently utilize its assets to generate revenue. However, there was a subsequent improvement in the ratio to 0.75 as of December 31, 2022, showcasing some recovery in asset utilization efficiency.
The trend continued positively as the total asset turnover ratio increased further to 0.84 by December 31, 2023, reflecting an improvement in the company's operational performance in utilizing its assets to generate revenue. However, by the end of December 31, 2024, the ratio decreased to 0.77, indicating a slight decline in asset turnover efficiency compared to the previous year.
Overall, the fluctuation in Dropbox Inc's total asset turnover ratio signifies varying levels of efficiency in utilizing its assets to generate revenue over the years, with potential implications for the company's operational effectiveness and financial performance.
Peer comparison
Dec 31, 2024