Liquidity Services Inc (LQDT)

Total asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	367,189	340,090	327,239	317,224	317,482	311,747	299,959	286,259	280,398	275,343	275,513	269,007	258,140	243,702	221,755	213,011	206,885	209,785	219,114	223,264
Total assets	US$ in thousands	346,888	325,538	303,651	278,425	288,970	283,027	283,097	269,201	288,104	282,810	276,819	286,878	255,576	238,403	217,583	205,254	196,634	198,864	182,072	179,196
Total asset turnover		1.06	1.04	1.08	1.14	1.10	1.10	1.06	1.06	0.97	0.97	1.00	0.94	1.01	1.02	1.02	1.04	1.05	1.05	1.20	1.25

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $367,189K ÷ $346,888K
= 1.06

Liquidity Services Inc's total asset turnover has shown variability over the past few quarters. The company's ability to generate sales from its assets has fluctuated between 0.94 and 1.25 times over the last two years.

In the most recent quarter ending September 30, 2024, the total asset turnover ratio was 1.06, indicating that the company generated $1.06 in sales for every dollar of assets it owned. This suggests that Liquidity Services Inc efficiently utilized its assets to generate revenue.

While the total asset turnover ratio has generally been above 1.00, indicating efficient asset utilization, there were a few quarters where it dipped below this threshold. For instance, in the quarter ending September 30, 2022, and in the quarter ending March 31, 2022, the total asset turnover was 0.97, indicating a slightly lower level of asset efficiency during those periods.

Overall, the trend in Liquidity Services Inc's total asset turnover suggests that the company has been effectively managing its assets to generate revenue, with some fluctuations observed over the time period analyzed.