VeriSign Inc (VRSN)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,493,100	1,424,900	1,327,600	1,265,100	1,231,660
Total assets	US$ in thousands	1,749,000	1,733,400	1,983,800	1,766,910	1,854,010
Total asset turnover		0.85	0.82	0.67	0.72	0.66

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,493,100K ÷ $1,749,000K
= 0.85

Verisign Inc.'s total asset turnover has shown a fluctuating trend over the past five years. Total asset turnover measures the efficiency of the company in generating sales revenue relative to its total assets.

In 2023, the total asset turnover ratio stood at 0.85, indicating that the company generated $0.85 in revenue for every dollar of assets held. This represents an improvement from the previous year's ratio of 0.82. The increase in total asset turnover suggests that Verisign Inc. was able to make more efficient use of its assets to drive sales revenue.

Comparing the latest ratio to 2021 and 2020, there has been a significant improvement in asset utilization, as the ratios for those years were 0.67 and 0.72, respectively. This indicates that the company has become more efficient in generating sales from its total asset base.

Moreover, when compared to 2019, where the total asset turnover ratio was 0.66, the ratio has increased steadily over the past few years, indicating a positive trend in asset efficiency.

Overall, the increasing trend in total asset turnover for Verisign Inc. reflects improving efficiency in utilizing its assets to drive sales revenue and indicates a positive sign for the company's operational performance.