Harmonic Inc (HLIT)
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 | 678,722 | 623,648 | 555,095 | 572,318 | 607,907 | 605,149 | 633,684 | 635,167 | 624,957 | 616,427 | 587,010 | 543,012 | 507,149 | 482,873 | 451,444 | 411,990 | 378,831 | 369,481 | 390,314 | 401,185 |
| Total assets | US$ in thousands | 796,506 | 759,861 | 713,696 | 740,670 | 768,206 | 673,811 | 690,352 | 703,815 | 710,018 | 697,871 | 698,459 | 700,445 | 693,686 | 643,866 | 651,240 | 609,709 | 591,523 | 559,422 | 557,521 | 576,275 |
| Total asset turnover | 0.85 | 0.82 | 0.78 | 0.77 | 0.79 | 0.90 | 0.92 | 0.90 | 0.88 | 0.88 | 0.84 | 0.78 | 0.73 | 0.75 | 0.69 | 0.68 | 0.64 | 0.66 | 0.70 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $678,722K ÷ $796,506K
= 0.85
The total asset turnover ratio for Harmonic Inc has shown some fluctuations over the past few years. It was relatively stable around 0.70 in the first half of 2020, before decreasing to 0.64 by the end of that year. Subsequently, the ratio saw some improvement, reaching 0.78 by March 31, 2024.
In general, the total asset turnover ratio measures how efficiently a company is utilizing its assets to generate revenue. An increasing ratio indicates that the company is generating more revenue per dollar of assets, which can be a positive sign of operational efficiency.
Harmonic Inc's total asset turnover ratio has shown an overall increasing trend from 2020 to 2024, with some minor fluctuations along the way. This may suggest that the company is becoming more efficient in generating revenue from its assets over time. It would be important to continue monitoring this ratio in the future to assess the company's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2024