Dolby Laboratories (DLB)
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 | 1,280,397 | 1,299,744 | 1,287,386 | 1,278,601 | 1,237,081 | 1,253,793 | 1,260,614 | 1,257,828 | 1,243,015 | 1,281,256 | 1,267,422 | 1,227,532 | 1,259,789 | 1,161,792 | 1,189,428 | 1,244,678 | 1,231,121 | 1,241,620 | 1,208,118 | 1,120,739 |
| Total assets | US$ in thousands | 2,935,530 | 2,979,770 | 3,007,940 | 2,836,130 | 2,748,520 | 2,689,550 | 2,919,940 | 3,062,990 | 3,104,920 | 3,105,690 | 3,135,140 | 3,106,290 | 3,096,850 | 2,917,320 | 2,903,910 | 2,944,830 | 2,893,280 | 2,821,750 | 2,809,810 | 2,846,950 |
| Total asset turnover | 0.44 | 0.44 | 0.43 | 0.45 | 0.45 | 0.47 | 0.43 | 0.41 | 0.40 | 0.41 | 0.40 | 0.40 | 0.41 | 0.40 | 0.41 | 0.42 | 0.43 | 0.44 | 0.43 | 0.39 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,280,397K ÷ $2,935,530K
= 0.44
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. In the case of Dolby Laboratories, the total asset turnover ratio has fluctuated over the past few quarters, ranging from 0.39 to 0.47.
A total asset turnover ratio of 0.44 indicates that Dolby Laboratories generated $0.44 in sales for every dollar of assets it had at the end of the fourth quarter of 2023. This implies that the company may not be utilizing its assets as efficiently as it could be to generate sales revenue.
It is important for Dolby Laboratories to closely monitor its total asset turnover ratio and look for opportunities to improve efficiency in utilizing its assets to generate more sales. This could involve optimizing inventory levels, managing accounts receivable effectively, or investing in assets that can contribute more to revenue generation.
Peer comparison
Dec 31, 2023