N-Able Inc (NABL)

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
Revenue (ttm)	US$ in thousands	464,013	458,053	449,178	435,811	421,880	409,220	395,180	380,727	371,769	365,517	360,413	354,126	346,456	336,833	324,709	312,793	302,871
Total assets	US$ in thousands	1,338,850	1,223,460	1,174,660	1,149,930	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	1,068,110	1,079,740
Total asset turnover		0.35	0.37	0.38	0.38	0.36	0.36	0.36	0.35	0.34	0.35	0.35	0.34	0.33	0.32	0.31	0.29	0.28

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $464,013K ÷ $1,338,850K
= 0.35

The total asset turnover ratio of N-Able Inc has shown a consistent upward trend from 0.28 at the end of December 2020 to 0.35 at the end of September 2022. This indicates that the company is generating more revenue relative to its total assets over time. However, there was a slight dip to 0.34 at the end of December 2022, followed by a recovery to 0.36 at the end of June 2023. The ratio remained stable at 0.36 for the subsequent three quarters up to March 2024. The increase in total asset turnover ratio signifies improved efficiency in utilizing assets to generate revenue, which is a positive indicator for the company's operational performance. The slight fluctuations in the ratio over the period are typical and may be influenced by various internal and external factors affecting the company's business operations. Overall, the trend suggests that N-Able Inc has been effectively leveraging its assets to drive revenue growth.