Dropbox Inc (DBX)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,548,200	2,539,600	2,533,800	2,521,800	2,501,600	2,465,400	2,423,400	2,373,600	2,324,900	2,291,600	2,250,800	2,208,700	2,157,900	2,096,500	2,033,700	1,970,500	1,913,900	1,855,800	1,796,600	1,730,700
Total assets	US$ in thousands	3,325,200	2,576,700	2,718,500	2,797,700	3,039,700	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
Total asset turnover		0.77	0.99	0.93	0.90	0.82	0.82	0.82	0.79	0.75	0.85	0.82	0.77	0.70	0.63	0.61	0.60	0.80	0.65	0.66	0.64

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,548,200K ÷ $3,325,200K
= 0.77

Dropbox Inc's total asset turnover has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio measures the company's efficiency in generating sales from its assets. A higher total asset turnover ratio generally indicates better asset utilization.

From March 31, 2020, to June 30, 2022, the total asset turnover ratio increased steadily, indicating that Dropbox was generating more revenue relative to its total assets during this period. However, there was a slight decline in the ratio in the following quarters until December 31, 2022.

During the last quarters of 2022 and the first half of 2023, there was an increase in the total asset turnover, reaching its peak of 0.93 on June 30, 2024. This suggests that Dropbox was effectively utilizing its assets to generate sales during this period.

However, there was a decline in the total asset turnover ratio in the subsequent quarters of 2024, dropping to 0.77 by December 31, 2024. This decrease may indicate a potential inefficiency in utilizing assets to generate revenue during this period.

Overall, despite some fluctuations, Dropbox Inc's total asset turnover has generally shown improvement, with peaks and drops observed in different quarters. Further analysis would be required to understand the specific factors contributing to these fluctuations and to assess the company's overall asset efficiency.