N-Able Inc (NABL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 462,627 | 421,880 | 371,769 | 346,456 | 302,871 |
| Total assets | US$ in thousands | 1,338,850 | 1,162,790 | 1,078,860 | 1,055,700 | 1,079,740 |
| Total asset turnover | 0.35 | 0.36 | 0.34 | 0.33 | 0.28 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $462,627K ÷ $1,338,850K
= 0.35
Total asset turnover measures the efficiency with which N-Able Inc is utilizing its total assets to generate revenue. The trend of N-Able Inc's total asset turnover ratio shows a gradual increase from 0.28 in December 31, 2020 to 0.35 in December 31, 2024. This indicates that the company has been able to generate more revenue relative to its total assets over the years. However, the increase in the ratio is not consistent as there are fluctuations in the values over the period.
Overall, N-Able Inc's total asset turnover suggests an improvement in asset utilization efficiency, which is generally a positive signal for investors as it indicates the company's ability to generate more revenue with the same level of investment in assets.
Peer comparison
Dec 31, 2024