Verra Mobility Corp (VRRM)

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	879,207	868,720	853,102	835,137	817,310	792,367	780,090	763,116	741,598	725,508	689,947	631,117	550,590	480,773	415,586	366,738	393,593	405,891	437,223	466,989
Total assets	US$ in thousands	1,614,490	1,850,580	1,773,000	1,769,860	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
Total asset turnover		0.54	0.47	0.48	0.47	0.46	0.45	0.41	0.45	0.42	0.42	0.39	0.35	0.30	0.32	0.27	0.24	0.29	0.30	0.32	0.34

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $879,207K ÷ $1,614,490K
= 0.54

Total asset turnover is an efficiency ratio that measures how effectively a company utilizes its assets to generate revenue. In the case of Verra Mobility Corp, the total asset turnover has shown fluctuations over the years.

From the provided data, we can observe that the total asset turnover of Verra Mobility Corp was relatively low in the earlier periods, ranging from 0.24 to 0.35. However, there was a noticeable increase in total asset turnover starting from March 31, 2022, where it reached 0.35, and continued to improve steadily, peaking at 0.54 by December 31, 2024.

The increasing trend in total asset turnover indicates that Verra Mobility Corp has become more efficient in utilizing its assets to generate revenue over time. A higher total asset turnover ratio suggests that the company is generating more sales relative to its asset base, reflecting improved operational efficiency and potentially better management of its asset utilization. This could be a positive sign of the company's growth and profitability prospects.

Overall, the upward trend in total asset turnover for Verra Mobility Corp indicates improving operational efficiency and a potentially positive outlook for the company's financial performance.