DigitalOcean Holdings Inc (DOCN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 780,615 | 692,884 | 576,322 | 428,561 |
| Total assets | US$ in thousands | 1,639,020 | 1,460,970 | 1,815,630 | 2,101,000 |
| Total asset turnover | 0.48 | 0.47 | 0.32 | 0.20 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $780,615K ÷ $1,639,020K
= 0.48
DigitalOcean Holdings Inc's total asset turnover has shown a positive trend over the analyzed period. Starting at 0.20 on December 31, 2021, it increased to 0.32 by December 31, 2022, then further improved to 0.47 by December 31, 2023, and reached the highest level of 0.48 by December 31, 2024.
This indicates that the company generated $0.20 in revenue for every $1 of assets in 2021, and it was able to efficiently utilize its assets to generate higher sales in the subsequent years. The increasing trend suggests that DigitalOcean Holdings Inc has been improving its operational efficiency in utilizing its assets to drive revenue growth.
A total asset turnover ratio of 0.48 by the end of 2024 indicates that the company generated $0.48 in revenue for every $1 of assets, reflecting a strong utilization of its assets to generate sales. Overall, the trend in total asset turnover demonstrates the company's ability to effectively generate revenue relative to the value of its assets, potentially indicating efficient asset management and operational performance.
Peer comparison
Dec 31, 2024