Trade Desk Inc (TTD)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,444,830	1,946,120	1,577,800	1,196,470	836,033
Total assets	US$ in thousands	6,111,950	4,888,690	4,380,680	3,577,340	2,753,640
Total asset turnover		0.40	0.40	0.36	0.33	0.30

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,444,830K ÷ $6,111,950K
= 0.40

The total asset turnover ratio of Trade Desk Inc. demonstrates a consistent upward trajectory over the reported period. At the end of December 2020, the ratio stood at 0.30, indicating the company was generating $0.30 in sales for every dollar of assets employed. By December 2021, this figure increased modestly to 0.33, reflecting a slight improvement in asset utilization efficiency. The ratio continued its upward trend, reaching 0.36 at the close of December 2022, signifying an enhanced ability to generate sales from its asset base. The progression persisted into 2023, with the ratio climbing to 0.40, and maintaining the same level into December 2024.

This steady increase over the four-year period implies that Trade Desk Inc. has become more effective in utilizing its assets to generate revenue, reflecting improvements in operational efficiency or changes in asset management strategies. The stabilization of the ratio at 0.40 during the last year suggests that the company has reached a level of asset utilization efficiency that has been sustained over time, potentially indicating maturity in its operational cycle or a plateau in asset efficiency gains.