Sonos Inc (SONO)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,525,344 | 1,574,985 | 1,550,921 | 1,602,554 | 1,672,523 | 1,683,666 | 1,682,367 | 1,777,975 | 1,752,335 | 1,795,584 | 1,802,473 | 1,735,641 | 1,716,744 | 1,697,042 | 1,567,320 | 1,409,095 | 1,327,065 | 1,281,388 | 1,292,557 | 1,328,006 |
| Total assets | US$ in thousands | 916,312 | 961,105 | 925,615 | 1,109,990 | 1,002,240 | 1,065,220 | 1,059,250 | 1,206,880 | 1,188,390 | 1,243,230 | 1,226,230 | 1,372,740 | 1,138,800 | 1,084,100 | 1,048,290 | 1,066,860 | 816,051 | 644,628 | 639,175 | 873,929 |
| Total asset turnover | 1.66 | 1.64 | 1.68 | 1.44 | 1.67 | 1.58 | 1.59 | 1.47 | 1.47 | 1.44 | 1.47 | 1.26 | 1.51 | 1.57 | 1.50 | 1.32 | 1.63 | 1.99 | 2.02 | 1.52 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,525,344K ÷ $916,312K
= 1.66
Sonos Inc's total asset turnover has shown fluctuation over the periods outlined. Total asset turnover is a measure of the efficiency with which a company utilizes its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
In the recent period of September 2024, the total asset turnover increased to 1.66, showing an improvement in the company's efficiency in generating revenue from its assets compared to the previous quarter where it was 1.64. However, looking back to December 2023, the ratio was lower at 1.44, suggesting a temporary decline in asset utilization efficiency.
Throughout the past year, Sonos Inc's total asset turnover has ranged between 1.26 and 1.68. The ratio peaked at 2.02 in the first quarter of 2020, indicating a strong asset utilization efficiency during that period. Conversely, in December 2021, the ratio was at a lower point of 1.26, potentially signaling challenges in efficiently utilizing assets to generate revenue.
Overall, Sonos Inc's total asset turnover has shown variability over the periods analyzed, with some fluctuations observed. Continuous monitoring of this ratio can provide insight into the company's operational efficiency and effectiveness in utilizing its assets to drive revenue generation.
Peer comparison
Sep 30, 2024