F5 Networks Inc (FFIV)

Total asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	2,827,520	2,787,720	2,794,867	2,816,688	2,830,769	2,832,628	2,804,474	2,735,523	2,720,645	2,701,609	2,678,636	2,689,699	2,618,816	2,545,335	2,477,072	2,415,234	2,356,422	2,331,994	2,312,136	2,273,582
Total assets	US$ in thousands	5,613,000	5,414,450	5,384,670	5,348,860	5,248,330	5,119,160	5,223,250	5,085,570	5,276,190	5,021,290	5,077,170	5,086,910	4,997,280	4,785,120	4,519,190	4,899,340	4,677,920	4,573,360	4,440,980	3,875,360
Total asset turnover		0.50	0.51	0.52	0.53	0.54	0.55	0.54	0.54	0.52	0.54	0.53	0.53	0.52	0.53	0.55	0.49	0.50	0.51	0.52	0.59

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,827,520K ÷ $5,613,000K
= 0.50

The total asset turnover of F5 Networks Inc over the past few quarters has shown some fluctuation. From December 2019 to September 2020, the total asset turnover ranged between 0.49 and 0.59, with a significant increase towards the end of this period. Subsequently, from March 2020 to September 2022, the turnover ratio remained relatively stable, fluctuating around 0.50 to 0.54, reflecting consistent asset utilization efficiency.

However, a peak was observed in June 2023 at 0.55, followed by a slight decrease in the subsequent quarters. The ratio then hovered around 0.52 to 0.54 until the most recent data point in September 2024 at 0.50. This indicates that, on average, F5 Networks Inc generates sales revenue equal to around half its total assets.

Overall, the variations in total asset turnover suggest some changes in the efficiency of asset utilization at F5 Networks Inc in recent years, with a slightly declining trend in the most recent quarters. Further analysis and comparison with industry benchmarks could provide deeper insights into the company's performance.