SPS Commerce Inc (SPSC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 637,765 | 536,910 | 450,875 | 385,276 | 312,630 |
| Total assets | US$ in thousands | 1,031,230 | 823,844 | 672,914 | 615,846 | 526,458 |
| Total asset turnover | 0.62 | 0.65 | 0.67 | 0.63 | 0.59 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $637,765K ÷ $1,031,230K
= 0.62
The total asset turnover of SPS Commerce Inc has shown a fluctuating trend over the past five years. In December 2020, the total asset turnover ratio was 0.59, indicating that the company generated $0.59 in revenue for every dollar of assets. The ratio increased to 0.63 by December 2021, suggesting improved efficiency in asset utilization. Subsequently, in December 2022, the total asset turnover ratio further rose to 0.67, reflecting an enhancement in the company's ability to generate revenue from its assets.
However, there was a slight decline in the total asset turnover ratio to 0.65 by December 2023, followed by a decrease to 0.62 by December 2024. These reductions may indicate challenges in effectively utilizing assets to generate revenue during those periods.
Overall, the total asset turnover ratio of SPS Commerce Inc has displayed some variability, indicating fluctuations in the efficiency of asset utilization for revenue generation over the analyzed period.
Peer comparison
Dec 31, 2024