Dolby Laboratories (DLB)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,299,740 | 1,253,790 | 1,281,260 | 1,161,790 | 1,241,620 |
| Total assets | US$ in thousands | 2,979,770 | 2,689,550 | 3,105,690 | 2,917,320 | 2,821,750 |
| Total asset turnover | 0.44 | 0.47 | 0.41 | 0.40 | 0.44 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,299,740K ÷ $2,979,770K
= 0.44
Dolby Laboratories' total asset turnover ratio has fluctuated over the past five years. In the most recent fiscal year, ending September 30, 2023, the total asset turnover was 0.44, indicating that the company generated $0.44 in revenue for every dollar of assets. This represents a slight decrease compared to the previous year's ratio of 0.47.
The trend over the past five years shows that Dolby Laboratories has generally been able to efficiently utilize its assets to generate revenue, with ratios consistently above 0.40. Despite some fluctuations, the company's performance in terms of total asset turnover has been relatively stable, suggesting effective management of resources to drive sales.
A total asset turnover ratio below 1 may indicate that the company is not effectively using its assets to generate revenue. Dolby Laboratories' ratios above 0.40 demonstrate that the company has been efficient in generating sales from its asset base, albeit with some variability. Further analysis of the company's financial statements and industry benchmarks may provide additional insights into its asset management efficiency and overall financial performance.
Peer comparison
Sep 30, 2023