DigitalOcean Holdings Inc (DOCN)

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
Revenue (ttm) US$ in thousands 780,615 756,564 735,142 712,480 692,884 675,008 650,061 614,129 576,322 532,986 492,299 462,227 428,561
Total assets US$ in thousands 1,639,020 1,526,480 1,536,790 1,485,570 1,460,970 1,425,140 1,497,900 1,995,260 1,815,630 1,623,690 1,590,710 1,956,830 2,101,000
Total asset turnover 0.48 0.50 0.48 0.48 0.47 0.47 0.43 0.31 0.32 0.33 0.31 0.24 0.20

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $780,615K ÷ $1,639,020K
= 0.48

The total asset turnover ratio for DigitalOcean Holdings Inc has shown an increasing trend over the past few years. It was 0.20 as of December 31, 2021, and gradually improved to reach 0.48 as of December 31, 2024. This indicates that the company is generating more revenue from its assets over time, reflecting a more efficient utilization of its assets to generate sales. The consistent increase in the total asset turnover ratio suggests that DigitalOcean Holdings Inc is effectively managing its assets to drive revenue growth and operational performance.