Verra Mobility Corp (VRRM)

Total asset turnover

		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	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	103,570	102,694	99,943	96,318	95,201	84,874	77,024	60,447	39,978	132,853	204,857	269,820	371,326	374,327	400,305	423,954	402,116	381,360	375,654	379,932
Total assets	US$ in thousands	1,789,980	1,756,080	1,906,160	1,710,890	1,756,270	1,718,330	1,779,860	1,824,480	1,837,060	1,481,920	1,559,190	1,497,210	1,367,320	1,371,970	1,355,120	1,374,130	1,407,430	1,375,860	1,346,450	1,365,610
Total asset turnover		0.06	0.06	0.05	0.06	0.05	0.05	0.04	0.03	0.02	0.09	0.13	0.18	0.27	0.27	0.30	0.31	0.29	0.28	0.28	0.28

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $103,570K ÷ $1,789,980K
= 0.06

The total asset turnover ratio of Verra Mobility Corp has shown fluctuations over the past eight quarters, ranging between 0.35 to 0.46. This ratio indicates how efficiently the company is generating revenue relative to its total assets. A higher ratio suggests that the company is generating more revenue per dollar of assets.

In the most recent quarter, Q4 2023, the total asset turnover was 0.46, which was higher compared to the previous quarters. This increase may suggest that Verra Mobility Corp is utilizing its assets more efficiently to generate revenue.

Overall, the trend in total asset turnover for Verra Mobility Corp seems to be relatively stable, with some fluctuation quarter over quarter. It would be beneficial for investors and analysts to monitor this ratio over time to assess the company's efficiency in generating revenue from its assets.