Enphase Energy Inc (ENPH)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	1,330,380	2,290,790	2,330,850	1,382,050	774,425
Total assets	US$ in thousands	3,249,680	3,383,010	3,084,280	2,079,260	1,200,100
Total asset turnover		0.41	0.68	0.76	0.66	0.65

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,330,380K ÷ $3,249,680K
= 0.41

Enphase Energy Inc's total asset turnover has shown some fluctuations over the years as per the provided data. The total asset turnover ratio indicates how efficiently the company is generating sales from its assets.

In December 31, 2020, the total asset turnover ratio was 0.65, suggesting that for every dollar of assets, the company generated $0.65 in sales.

In December 31, 2021, the total asset turnover ratio increased slightly to 0.66, indicating a modest improvement in asset utilization efficiency.

By December 31, 2022, the total asset turnover ratio further improved to 0.76, indicating a more efficient use of assets to generate sales.

However, there was a decrease in total asset turnover to 0.68 by December 31, 2023, suggesting a slight decline in asset utilization efficiency.

By December 31, 2024, the total asset turnover ratio dropped significantly to 0.41, indicating a notable decrease in the company's ability to generate sales from its assets.

Overall, Enphase Energy Inc's total asset turnover ratio has shown variability over the years, with the company experiencing both improvements and declines in asset utilization efficiency. Further analysis and monitoring of this ratio will be essential to understand the company's effectiveness in deploying its assets to generate sales.