VeriSign Inc (VRSN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,557,400 | 1,493,100 | 1,424,900 | 1,327,600 | 1,265,100 |
| Total assets | US$ in thousands | 1,406,500 | 1,749,000 | 1,733,400 | 1,983,800 | 1,766,910 |
| Total asset turnover | 1.11 | 0.85 | 0.82 | 0.67 | 0.72 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,557,400K ÷ $1,406,500K
= 1.11
VeriSign Inc's total asset turnover has shown varying trends over the past five years. The ratio decreased from 0.72 in December 31, 2020, to 0.67 in December 31, 2021. This decline may indicate a decrease in efficiency in generating sales relative to its total assets during that period.
However, in the subsequent years, the total asset turnover improved significantly, reaching 0.82 in December 31, 2022, 0.85 in December 31, 2023, and 1.11 in December 31, 2024. These higher ratios suggest that VeriSign Inc has been able to generate more sales revenue per dollar of its total assets, indicating improved efficiency in asset utilization.
Overall, the increasing trend in total asset turnover from 2022 to 2024 reflects positively on the company's ability to efficiently utilize its assets to generate revenue. It is essential for investors and stakeholders to monitor this ratio to assess VeriSign Inc's operational efficiency and performance in converting its assets into revenue.
Peer comparison
Dec 31, 2024