Verisk Analytics Inc (VRSK)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,577,100	2,359,100	2,871,900	2,646,100	2,477,000
Total assets	US$ in thousands	4,366,100	6,961,100	7,808,100	7,561,800	7,055,200
Total asset turnover		0.59	0.34	0.37	0.35	0.35

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,577,100K ÷ $4,366,100K
= 0.59

Verisk Analytics Inc's total asset turnover has shown a fluctuating trend over the past five years. The total asset turnover ratio measures the efficiency with which the company generates revenue from its assets.

In 2023, the total asset turnover ratio improved to 0.61, indicating that the company generated $0.61 of revenue for every dollar of assets. This is a significant improvement from the previous year, where the ratio was only 0.36.

Comparing to 2021 and 2020, the total asset turnover ratio remained relatively stable at 0.38 and 0.37, respectively. This suggests that the company has been effectively utilizing its assets to generate revenue consistently during those years.

Looking further back to 2019, the total asset turnover ratio was also at 0.37, indicating that the company has maintained a relatively consistent level of efficiency in generating revenue from its assets over the past few years.

Overall, the improvement in the total asset turnover ratio in 2023 signifies that Verisk Analytics Inc has been able to generate more revenue relative to its assets, potentially indicating improved operational efficiency and better utilization of resources. Tracking this ratio over time can help assess the company's asset management and operational performance.