Qualys Inc (QLYS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 607,571 | 554,458 | 489,723 | 411,172 | 362,963 |
| Total assets | US$ in thousands | 973,537 | 812,618 | 700,941 | 814,559 | 736,819 |
| Total asset turnover | 0.62 | 0.68 | 0.70 | 0.50 | 0.49 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $607,571K ÷ $973,537K
= 0.62
The total asset turnover ratio for Qualys Inc has shown varying trends over the past five years. In 2020, the ratio was 0.49, indicating that the company generated $0.49 in sales for every dollar of assets. Over the subsequent years, the ratio improved slightly to 0.50 in 2021 and further increased to 0.70 in 2022. This suggests that Qualys Inc became more efficient in utilizing its assets to generate sales during these years.
However, in 2023, the total asset turnover ratio declined to 0.68, and in 2024, it decreased further to 0.62. Despite the slight decrease in recent years, the company still maintains a relatively healthy total asset turnover ratio, indicating efficient asset utilization overall. Further analysis of the company's operations and industry dynamics would be necessary to fully understand the factors driving these changes in the total asset turnover ratio.
Peer comparison
Dec 31, 2024