Sonos Inc (SONO)
Total asset turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,259,505 |
| Total assets | US$ in thousands | 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 | 761,605 |
| Total asset turnover | 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 | 1.65 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,574,985K ÷ $961,105K
= 1.64
Total asset turnover measures the efficiency with which a company utilizes its assets to generate revenue. Sonos Inc's total asset turnover has fluctuated over the past several quarters, ranging from 1.26 to 2.02. Generally, a higher total asset turnover indicates that the company is more effective in using its assets to generate sales.
In the most recent quarter, ending June 30, 2024, the total asset turnover was 1.64, showing a slight decrease from the previous quarter. This suggests that Sonos generated $1.64 in revenue for every dollar of assets it held during that period.
Looking at the trend over the past few quarters, we see some variability in the total asset turnover ratio, indicating fluctuations in the company's asset utilization efficiency. This variability could be due to factors such as changes in sales volume, asset management strategies, or operational efficiency.
It would be important for analysts to further investigate the factors influencing these fluctuations in total asset turnover to better understand Sonos Inc's operational performance and financial health.
Peer comparison
Jun 30, 2024