Dolby Laboratories (DLB)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,273,721 | 1,259,477 | 1,269,029 | 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 |
| Total assets | US$ in thousands | 3,109,930 | 2,973,640 | 3,044,730 | 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 |
| Total asset turnover | 0.41 | 0.42 | 0.42 | 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 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,273,721K ÷ $3,109,930K
= 0.41
Dolby Laboratories has shown relatively stable total asset turnover over the past few years, ranging from 0.40 to 0.47. The total asset turnover ratio measures the efficiency of the company in generating sales from its total assets. With consistently low to moderate total asset turnover ratios, Dolby Laboratories is generating less revenue in comparison to its total assets when compared to companies with higher turnover ratios. This could indicate that Dolby Laboratories may have a large investment in assets relative to its sales level. Overall, the trend in total asset turnover suggests that the company may need to optimize its asset utilization to enhance revenue generation efficiency.
Peer comparison
Sep 30, 2024