Etsy Inc (ETSY)

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	2,808,332	2,798,492	2,772,384	2,753,454	2,748,377	2,713,296	2,671,463	2,627,722	2,566,111	2,476,009	2,413,969	2,357,734	2,329,114	2,229,330	2,148,379	2,048,216	1,725,625	1,378,268	1,124,737	877,095
Total assets	US$ in thousands	2,417,780	2,442,210	2,448,090	2,497,670	2,685,400	2,449,200	2,568,750	2,500,540	2,634,960	2,450,310	3,607,100	3,745,180	3,831,810	3,502,140	3,290,420	2,497,410	2,404,490	2,214,500	1,762,030	1,517,640
Total asset turnover		1.16	1.15	1.13	1.10	1.02	1.11	1.04	1.05	0.97	1.01	0.67	0.63	0.61	0.64	0.65	0.82	0.72	0.62	0.64	0.58

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,808,332K ÷ $2,417,780K
= 1.16

Etsy Inc's total asset turnover ratio measures the efficiency of the company in generating revenue from its total assets. From the provided data, we can see fluctuations in the total asset turnover over the reported periods.

The total asset turnover ratio for Etsy Inc started at a lower value of 0.58 in March 2020 and gradually increased to 0.82 in March 2021. This upward trend indicates that the company was able to generate more revenue relative to its total assets during this period.

However, in the subsequent quarters, there were fluctuations in the total asset turnover ratio, with values ranging between 0.61 and 1.16. These fluctuations suggest that there were changes in the company's ability to efficiently utilize its assets to generate revenue.

Notably, the total asset turnover ratio peaked at 1.16 in December 2024, indicating that Etsy Inc was able to generate $1.16 in revenue for every dollar of total assets during that period. This suggests improved asset utilization efficiency and revenue generation capabilities.

Overall, the trend in Etsy Inc's total asset turnover ratio demonstrates the company's ability to effectively manage its assets to generate revenue, with some fluctuations observed over the reported quarters.