F5 Networks Inc (FFIV)

Total asset turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	2,242,447	2,214,768	2,193,577
Total assets	US$ in thousands	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	3,390,280	3,177,280	2,990,240
Total asset turnover		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	0.66	0.70	0.73

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,816,688K ÷ $5,348,860K
= 0.53

The total asset turnover ratio for F5 Inc has been relatively consistent over the past eight quarters, ranging from 0.51 to 0.55. This ratio indicates how efficiently the company is utilizing its assets to generate sales revenue. A higher total asset turnover reflects that the company is generating more revenue per dollar of assets employed.

F5 Inc's total asset turnover ratio of around 0.52 to 0.55 suggests that, on average, the company generates approximately $0.52 to $0.55 in sales for every dollar of assets it holds. This implies that F5 Inc's asset utilization has been moderate, indicating room for potential improvement in utilizing assets more efficiently to generate higher revenue.

Overall, monitoring the total asset turnover ratio can provide insights into the company's operational efficiency and effectiveness in utilizing its assets to drive revenue growth.