SolarWinds Corp (SWI)

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	794,845	789,734	779,300	771,084	763,326	752,646	742,451	733,451	724,655	716,477	718,352	719,106	718,632	717,464	721,011	716,888	716,770	778,716	834,388	890,471
Total assets	US$ in thousands	3,168,290	3,118,420	3,058,690	3,238,660	3,250,920	3,177,670	3,180,430	3,191,450	3,200,010	3,478,510	4,078,560	4,761,750	4,792,130	4,834,810	5,594,020	5,594,510	5,710,480	5,450,000	5,349,210	5,289,030
Total asset turnover		0.25	0.25	0.25	0.24	0.23	0.24	0.23	0.23	0.23	0.21	0.18	0.15	0.15	0.15	0.13	0.13	0.13	0.14	0.16	0.17

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $794,845K ÷ $3,168,290K
= 0.25

The total asset turnover of SolarWinds Corp has been relatively stable over the past few years. The ratio has fluctuated between 0.13 and 0.25 from March 31, 2020, to December 31, 2024. This indicates that for every dollar of total assets the company holds, it generates revenue ranging from 13 cents to 25 cents.

In the last quarter of 2024, the total asset turnover ratio reached its highest point at 0.25, suggesting that SolarWinds Corp has become more efficient in utilizing its assets to generate sales. This positive trend indicates that the company is effectively managing its assets to drive revenue growth.

Overall, the total asset turnover ratio provides insight into how efficiently SolarWinds Corp is utilizing its assets to generate sales, with a higher ratio indicating better asset management and revenue generation.