Godaddy Inc (GDDY)

Total asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 4,573,200 4,254,100 4,091,300 3,815,700 3,316,700
Total assets US$ in thousands 8,235,400 7,564,900 6,973,500 7,417,100 6,432,900
Total asset turnover 0.56 0.56 0.59 0.51 0.52

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $4,573,200K ÷ $8,235,400K
= 0.56

The total asset turnover ratio for Godaddy Inc has shown some fluctuation over the years. In 2020, the ratio stood at 0.52, indicating that the company generated $0.52 in revenue for every dollar of total assets. The ratio slightly decreased to 0.51 in 2021 before increasing to 0.59 in 2022, suggesting improved efficiency in asset utilization. However, in 2023 and 2024, the ratio dropped back to 0.56, signaling a potential slowdown in revenue generated from total assets. Overall, it is essential for Godaddy Inc to closely monitor and manage its asset turnover to ensure optimal utilization and revenue generation from its total assets.