Harmonic Inc (HLIT)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 603,758 | 619,917 | 501,650 | 359,569 | 385,878 |
| Total assets | US$ in thousands | 768,206 | 710,018 | 693,686 | 591,523 | 587,327 |
| Total asset turnover | 0.79 | 0.87 | 0.72 | 0.61 | 0.66 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $603,758K ÷ $768,206K
= 0.79
The total asset turnover ratio of Harmonic, Inc. has fluctuated over the past five years. The ratio indicates the efficiency of the company in generating sales revenue relative to its total assets.
In 2023, the total asset turnover ratio was 0.79, a decrease from the previous year. This implies that the company generated $0.79 in sales for every $1 of total assets. The decrease in the ratio may suggest that the company experienced challenges in utilizing its assets effectively to drive sales.
Comparing to 2021 and 2020, the total asset turnover ratio improved, indicating that the company became more efficient in utilizing its assets to generate sales revenue during those periods.
Overall, the trend in the total asset turnover ratio for Harmonic, Inc. shows variability, with some years demonstrating better asset utilization efficiency than others. Further analysis of the company's operations and asset management practices may be necessary to fully understand the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023