Shutterstock (SSTK)

Total asset turnover

		Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	932,869	902,216	882,354	872,467	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
Total assets	US$ in thousands	1,309,160	1,348,840	1,003,870	1,028,500	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
Total asset turnover		0.71	0.67	0.88	0.85	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $932,869K ÷ $1,309,160K
= 0.71

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It indicates how efficiently a company is using its resources to generate sales. In the case of Shutterstock, the total asset turnover has fluctuated over the periods provided.

It started at 1.05 as of March 31, 2020, and gradually declined to 0.71 by December 31, 2024, with some fluctuations along the way. A higher total asset turnover is generally preferable as it signifies that the company is generating more revenue per dollar of assets.

The decreasing trend in total asset turnover for Shutterstock indicates that the company may be becoming less efficient in utilizing its assets to generate sales over time. This could be a cause for concern as it may suggest potential inefficiencies in the company's operations or declining asset productivity. Further analysis and comparison with industry benchmarks would help in understanding the implications of these trends more comprehensively.