Verisk Analytics Inc (VRSK)

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	2,577,100	2,105,700	2,168,700	2,240,100	2,359,000	2,906,100	2,924,100	2,925,600	2,872,300	2,815,400	2,753,200	2,681,700	2,665,800	2,626,400	2,581,000	2,558,500	2,476,400	2,316,300	2,293,500	2,272,700
Total assets	US$ in thousands	4,366,100	4,363,900	4,315,700	4,190,000	6,961,100	6,974,600	7,508,900	8,159,000	7,808,100	7,662,500	7,713,600	7,810,500	7,561,800	7,219,600	7,007,900	6,928,100	7,055,200	6,289,100	6,234,000	6,341,100
Total asset turnover		0.59	0.48	0.50	0.53	0.34	0.42	0.39	0.36	0.37	0.37	0.36	0.34	0.35	0.36	0.37	0.37	0.35	0.37	0.37	0.36

December 31, 2023 calculation

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

Verisk Analytics Inc's total asset turnover ratio has shown variability over the past eight quarters, ranging from a low of 0.36 in Q4 2022 to a high of 0.61 in Q4 2023. The ratio indicates how efficiently the company is utilizing its assets to generate revenue, with a higher ratio suggesting better asset utilization.

The trend in Verisk Analytics Inc's total asset turnover ratio appears to have improved in the latest quarters, with a noticeable increase from Q3 2023 to Q4 2023. This may indicate that the company has become more efficient in generating revenue from its total assets. However, it is important to consider industry benchmarks and peer comparisons to fully assess the company's performance in this area.

Overall, the upward trend in total asset turnover ratio for Verisk Analytics Inc suggests that the company may be effectively managing its assets to drive revenue growth, which could be a positive sign for investors and stakeholders.