Qualys Inc (QLYS)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	607,946	593,325	581,454	569,580	554,458	540,737	524,302	506,986	489,723	468,654	448,027	427,836	411,172	396,193	384,328	373,456	362,963	352,826	342,428	332,527
Total assets	US$ in thousands	973,537	908,323	876,600	861,782	812,618	751,861	709,584	675,753	700,941	747,631	789,011	814,550	814,559	756,180	737,305	729,942	736,819	707,084	707,015	684,492
Total asset turnover		0.62	0.65	0.66	0.66	0.68	0.72	0.74	0.75	0.70	0.63	0.57	0.53	0.50	0.52	0.52	0.51	0.49	0.50	0.48	0.49

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $607,946K ÷ $973,537K
= 0.62

Qualys Inc's total asset turnover ratio has shown a general increasing trend over the past few years, starting at 0.49 in March 2020 and gradually rising to 0.62 by December 2024. This indicates that the company has been able to generate more revenue relative to its total assets over time, reflecting increased efficiency in asset utilization.

The ratio peaked at 0.75 in March 2023, suggesting that the company was exceptionally efficient in generating sales from its assets at that point. However, it slightly decreased in the subsequent periods but remained relatively stable at around 0.65 to 0.70, indicating consistent performance in utilizing its assets to generate revenue.

Overall, the increasing trend in total asset turnover reflects the company's ability to effectively leverage its assets to drive sales and suggests improved operational efficiency and effectiveness in utilizing its resources.