N-Able Inc (NABL)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	423,324	410,532	396,492	382,039	373,927	365,298	360,194	353,907
Total assets	US$ in thousands	1,162,790	1,122,660	1,113,040	1,092,580	1,078,860	1,031,460	1,038,770	1,050,160	1,055,700	1,062,560	1,038,790
Total asset turnover		0.36	0.37	0.36	0.35	0.35	0.35	0.35	0.34

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $423,324K ÷ $1,162,790K
= 0.36

Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its total assets. It is calculated by dividing the total revenue by the average total assets.

N-Able Inc's total asset turnover ratio has been relatively stable around the range of 0.34 to 0.37 over the past few quarters. This indicates that, on average, the company generates approximately $0.34 to $0.37 in revenue for every dollar of assets it owns.

A total asset turnover ratio of less than 1 suggests that the company may not be efficiently utilizing its assets to generate sales. In N-Able Inc's case, the ratios over the periods analyzed are all below 1, which may indicate that the company could improve its asset utilization to increase sales revenue.

Overall, N-Able Inc's total asset turnover trend suggests that there may be room for improvement in optimizing its asset utilization to drive higher sales revenue in the future.