Qualys Inc (QLYS)

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	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	321,607	311,143	300,130	289,354
Total assets	US$ in thousands	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	675,608	625,924	645,612	636,141
Total asset turnover		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	0.48	0.50	0.46	0.45

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $554,458K ÷ $812,618K
= 0.68

Qualys Inc's total asset turnover has shown a fluctuating trend over the past eight quarters, ranging from 0.53 in Q1 2022 to 0.75 in Q1 2023. The total asset turnover represents the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is utilizing its assets more effectively to generate sales.

In Qualys Inc's case, the total asset turnover has generally been increasing over the quarters, peaking at 0.75 in Q1 2023. This suggests that the company is becoming more efficient in using its assets to generate sales revenue. However, fluctuations in the ratio indicate that there may be changes in the company's asset utilization strategies or fluctuations in its sales revenues.

It is important for investors and analysts to monitor the trend of total asset turnover over time to assess the company's operational efficiency and its ability to generate revenue from its asset base.