Sonos Inc (SONO)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,520,930 | 1,661,860 | 1,741,010 | 1,716,560 | 1,324,680 |
| Total assets | US$ in thousands | 916,312 | 1,002,240 | 1,188,390 | 1,138,800 | 816,051 |
| Total asset turnover | 1.66 | 1.66 | 1.47 | 1.51 | 1.62 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,520,930K ÷ $916,312K
= 1.66
Sonos Inc's total asset turnover has shown fluctuating trends over the past five years. The company's total asset turnover ratio was 1.66 in both 2024 and 2023, indicating that for each dollar of total assets, the company generated $1.66 in revenue.
In 2022, the total asset turnover was 1.47, a slight decrease from the previous year. This may suggest that the company's efficiency in generating sales from its total assets declined in that period.
However, the ratio improved to 1.51 in 2021 and further to 1.62 in 2020, showing that the company's performance in utilizing its assets to generate revenue strengthened in those years.
Overall, Sonos Inc's total asset turnover has varied in recent years, indicating changes in the company's efficiency in using its assets to drive sales. Further analysis of the company's operational and financial strategies may provide insights into these fluctuations.
Peer comparison
Sep 30, 2024