Enphase Energy Inc (ENPH)

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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	1,330,383	1,250,240	1,420,449	1,828,109	2,290,786	2,712,868	2,796,499	2,615,577	2,330,853	2,018,920	1,735,726	1,521,587	1,382,049	1,234,169	1,061,153	870,634	774,425	719,618	721,172	729,728
Total assets	US$ in thousands	3,249,680	3,264,190	3,166,580	3,232,980	3,383,010	3,553,940	3,465,880	3,380,850	3,084,280	2,697,840	2,437,110	2,263,280	2,079,260	2,230,160	2,100,660	2,194,200	1,200,100	1,092,340	997,927	1,030,790
Total asset turnover		0.41	0.38	0.45	0.57	0.68	0.76	0.81	0.77	0.76	0.75	0.71	0.67	0.66	0.55	0.51	0.40	0.65	0.66	0.72	0.71

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,330,383K ÷ $3,249,680K
= 0.41

Enphase Energy Inc's total asset turnover ratio has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.71 in March 31, 2020, and increased gradually up to June 30, 2021, reaching 0.51.

There was a significant decline to 0.40 in March 31, 2021, and a subsequent increase to 0.76 by June 30, 2023. However, towards the end of the period, the total asset turnover ratio declined to 0.41 by December 31, 2024.

This trend indicates that Enphase Energy Inc has observed varying levels of efficiency in generating sales revenue relative to its total assets during the analyzed period. Investors and stakeholders should carefully monitor the company's ability to efficiently utilize its assets to generate revenue in order to assess its operational performance and financial health.