SolarWinds Corp (SWI)
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 | 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 | 932,525 | 906,211 |
| Total assets | US$ in thousands | 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 | 5,310,740 | 5,156,080 |
| Total asset turnover | 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 | 0.18 | 0.18 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $779,300K ÷ $3,058,690K
= 0.25
The total asset turnover ratio of SolarWinds Corp has shown a fluctuating trend over the past few quarters. It ranges from 0.13 to 0.25, indicating the company's ability to generate sales from its total assets. A higher total asset turnover ratio implies that the company is more efficient in generating revenue from its assets.
In the most recent quarter, the total asset turnover ratio was 0.25, which was the highest among the periods analyzed. This suggests that SolarWinds Corp was able to generate $0.25 of sales for every $1 of total assets during that quarter.
On average, the total asset turnover ratio has been increasing gradually from 0.13 in late 2019 to 0.25 in mid-2024. This improvement suggests that the company has been more efficient in utilizing its assets to drive sales over time.
However, it is important to note that a very high total asset turnover ratio could also indicate that the company might be over-utilizing its assets to generate sales, which may not be sustainable in the long run. Overall, a higher total asset turnover ratio generally indicates better efficiency in asset utilization.
Peer comparison
Jun 30, 2024