Dropbox Inc (DBX)

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	2,501,200	2,468,800	2,433,900	2,382,200	2,335,500	2,303,700	2,255,600	2,216,900	2,163,200	2,076,300	2,014,200	1,949,500	1,922,000	1,858,000	1,793,900	1,723,900	1,622,000	1,587,000	1,520,200	1,459,100
Total assets	US$ in thousands	2,983,500	3,010,600	2,938,600	2,993,700	3,110,100	2,702,800	2,758,800	2,852,000	3,091,300	3,339,100	3,328,100	3,307,300	2,387,200	2,862,300	2,742,300	2,717,300	2,699,200	2,486,600	2,364,900	2,128,600
Total asset turnover		0.84	0.82	0.83	0.80	0.75	0.85	0.82	0.78	0.70	0.62	0.61	0.59	0.81	0.65	0.65	0.63	0.60	0.64	0.64	0.69

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,501,200K ÷ $2,983,500K
= 0.84

Dropbox Inc's total asset turnover has shown consistency in recent quarters, with values ranging from 0.75 to 0.85. The total asset turnover ratio measures the efficiency of the company in generating revenue from its assets. A higher ratio indicates that the company is better at utilizing its assets to generate sales. Dropbox Inc's total asset turnover has been relatively stable around 0.8, indicating that the company is efficiently utilizing its assets to generate revenue. However, it's important to compare this ratio with industry peers to assess Dropbox Inc's performance relative to its competitors. Overall, a consistent total asset turnover ratio suggests that Dropbox Inc is making effective use of its assets to generate sales.