Verisk Analytics Inc (VRSK)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 735,600 | 2,681,400 | 2,497,000 | 2,998,600 | 2,784,600 |
| Total assets | US$ in thousands | 4,264,700 | 4,366,100 | 6,961,100 | 7,808,100 | 7,561,800 |
| Total asset turnover | 0.17 | 0.61 | 0.36 | 0.38 | 0.37 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $735,600K ÷ $4,264,700K
= 0.17
Verisk Analytics Inc's total asset turnover has fluctuated over the past five years, ranging from 0.17 to 0.61. The company's total asset turnover ratio measures its efficiency in generating sales revenue from its total assets. In 2020 and 2021, the total asset turnover was relatively low at 0.37 and 0.38, indicating that the company was generating $0.37 and $0.38 of revenue for every dollar of assets.
However, there was a significant improvement in 2023, with the total asset turnover ratio increasing to 0.61. This suggests that in 2023, Verisk was more efficient in utilizing its assets to generate sales revenue, reaching $0.61 in revenue for every dollar of assets.
In contrast, the total asset turnover ratio dropped to 0.36 in 2022 and further decreased to 0.17 in 2024, indicating a decline in efficiency in converting assets into revenue in those years. The fluctuation in total asset turnover may be due to various factors such as changes in business operations, asset utilization, or sales performance.
Overall, Verisk Analytics Inc should closely monitor its total asset turnover ratio to ensure efficient asset utilization and revenue generation in the future.
Peer comparison
Dec 31, 2024