Godaddy Inc (GDDY)
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 | 4,569,600 | 4,477,300 | 4,400,100 | 4,325,000 | 4,254,100 | 4,193,700 | 4,157,200 | 4,124,600 | 4,091,300 | 4,070,700 | 4,001,500 | 3,917,300 | 3,815,700 | 3,670,300 | 3,550,700 | 3,425,800 | 3,316,700 | 3,223,200 | 3,139,300 | 3,070,100 |
| Total assets | US$ in thousands | 8,235,400 | 7,997,200 | 7,721,900 | 7,978,800 | 7,564,900 | 6,499,200 | 6,793,900 | 7,092,300 | 6,973,500 | 7,072,900 | 6,904,100 | 6,901,300 | 7,417,100 | 7,298,000 | 7,362,100 | 7,259,300 | 6,432,900 | 6,207,800 | 6,092,100 | 6,162,200 |
| Total asset turnover | 0.55 | 0.56 | 0.57 | 0.54 | 0.56 | 0.65 | 0.61 | 0.58 | 0.59 | 0.58 | 0.58 | 0.57 | 0.51 | 0.50 | 0.48 | 0.47 | 0.52 | 0.52 | 0.52 | 0.50 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,569,600K ÷ $8,235,400K
= 0.55
The total asset turnover ratio of Godaddy Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company utilizes its assets to generate revenue.
From the data provided, we observe that the total asset turnover ratio increased gradually from 0.50 on March 31, 2020, to a peak of 0.65 on September 30, 2023. This suggests that the company was able to generate more revenue relative to its total assets during this period.
However, there was a slight decline in the total asset turnover ratio to 0.55 on December 31, 2024. This decrease may indicate that the company's ability to generate revenue from its assets had slightly declined compared to the previous quarters.
Overall, the trend in the total asset turnover ratio reflects fluctuations in how effectively Godaddy Inc was utilizing its assets to generate revenue during the period under review. It is crucial for the company to monitor and improve its asset utilization to maintain or enhance its operational efficiency and profitability.
Peer comparison
Dec 31, 2024