Verra Mobility Corp (VRRM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 879,207 | 817,310 | 741,598 | 550,590 | 393,593 |
| Total assets | US$ in thousands | 1,614,490 | 1,789,980 | 1,756,270 | 1,837,060 | 1,367,320 |
| Total asset turnover | 0.54 | 0.46 | 0.42 | 0.30 | 0.29 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $879,207K ÷ $1,614,490K
= 0.54
The total asset turnover of Verra Mobility Corp has shown a positive trend over the years, increasing from 0.29 in December 31, 2020, to 0.54 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, which is a positive sign of operational efficiency and effective asset utilization. An increasing total asset turnover ratio suggests that Verra Mobility Corp is able to efficiently manage and deploy its assets to generate sales revenue. This trend may be reflective of improved operational performance and effective management of resources, potentially leading to overall financial strength and sustainability.
Peer comparison
Dec 31, 2024