Shutterstock (SSTK)

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	875,466	876,879	847,509	842,783	826,489	812,053	802,190	789,207	770,112	745,582	716,961	685,134	665,050	650,477	644,873	646,683	649,328	645,029	637,492	631,122
Total assets	US$ in thousands	1,036,020	1,015,920	1,004,260	842,523	881,184	840,180	848,568	795,978	851,710	841,177	795,852	755,144	729,644	688,282	626,331	614,965	630,512	617,237	592,953	587,497
Total asset turnover		0.85	0.86	0.84	1.00	0.94	0.97	0.95	0.99	0.90	0.89	0.90	0.91	0.91	0.95	1.03	1.05	1.03	1.05	1.08	1.07

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $875,466K ÷ $1,036,020K
= 0.85

The total asset turnover ratio of Shutterstock Inc, which measures the efficiency of the company in generating revenue from its total assets, has shown some fluctuations over the past eight quarters.

In Q1 2023, the total asset turnover ratio was at its highest at 1.00, indicating that the company generated $1.00 in revenue for every $1.00 of total assets invested. This suggests a strong efficiency in utilizing its assets to generate sales.

However, in subsequent quarters, the total asset turnover ratio decreased, reaching a low of 0.84 in both Q4 2023 and Q2 2023. This decline could indicate a decrease in the company's ability to efficiently generate revenue from its total assets during these periods.

Overall, the trend in the total asset turnover ratio for Shutterstock Inc shows some variability, with fluctuations observed throughout the quarters. Further analysis and comparison with industry benchmarks may provide additional insights into the company's asset utilization efficiency.