F5 Networks Inc (FFIV)

Total asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	2,822,220	2,827,870	2,717,440	2,616,420	2,361,020
Total assets	US$ in thousands	5,613,000	5,248,330	5,276,190	4,997,280	4,677,920
Total asset turnover		0.50	0.54	0.52	0.52	0.50

September 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,822,220K ÷ $5,613,000K
= 0.50

The total asset turnover ratio for F5 Networks Inc has exhibited fluctuation over the past five years. In 2024, the total asset turnover ratio stands at 0.50, indicating that for every dollar of total assets, the company generated $0.50 in revenue. This represents a slight decrease from the preceding year's figure of 0.54.

While the ratio has varied year-on-year, the overall trend suggests that F5 Networks Inc's efficiency in utilizing its assets to generate sales has remained relatively stable, hovering around the 0.50 to 0.54 range. It is noteworthy that the company's total asset turnover ratio in 2024 is consistent with the ratio observed in 2020, reflecting a similar level of asset efficiency over the past five years.

Further analysis may be warranted to explore the underlying factors influencing these fluctuations in the total asset turnover ratio and to assess the company's asset management strategies and operational efficiency.