Duolingo Inc (DUOL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 748,024 | 531,109 | 369,495 | 51 | 161,696 |
| Total assets | US$ in thousands | 1,301,730 | 953,957 | 747,347 | 661,311 | 175,739 |
| Total asset turnover | 0.57 | 0.56 | 0.49 | 0.00 | 0.92 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $748,024K ÷ $1,301,730K
= 0.57
Based on the provided data, Duolingo Inc's total asset turnover has shown some fluctuations over the years.
- On December 31, 2020, the total asset turnover was reported at 0.92, indicating that the company generated $0.92 in revenue for every dollar of assets it held. This suggests efficient utilization of assets to generate revenue.
- However, on December 31, 2021, the total asset turnover dropped to 0.00, which is an unusual figure and may require further investigation. A total asset turnover of zero could imply that the company did not generate any revenue during that period.
- In the subsequent years, the total asset turnover improved, reaching 0.49 on December 31, 2022, 0.56 on December 31, 2023, and 0.57 on December 31, 2024. These values indicate that the company's efficiency in generating revenue from its total assets has been on an upward trend.
Overall, the fluctuation in Duolingo Inc's total asset turnover suggests that the company's efficiency in utilizing its assets to generate revenue has varied over the years. Further analysis of the underlying reasons for these fluctuations would be necessary to understand the company's performance better and identify areas for improvement.
Peer comparison
Dec 31, 2024