VeriSign Inc (VRSN)

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	1,493,100	1,481,900	1,462,500	1,442,400	1,424,900	1,396,000	1,373,400	1,350,900	1,327,600	1,307,632	1,291,211	1,276,176	1,265,100	1,255,311	1,245,853	1,237,777	1,231,661	1,228,570	1,225,926	1,222,089
Total assets	US$ in thousands	1,749,000	1,695,900	1,677,200	1,757,000	1,733,400	1,744,400	1,762,500	1,973,200	1,983,800	1,814,710	1,741,380	1,782,900	1,766,910	1,764,310	1,820,130	1,753,860	1,854,010	1,886,730	1,889,900	1,919,680
Total asset turnover		0.85	0.87	0.87	0.82	0.82	0.80	0.78	0.68	0.67	0.72	0.74	0.72	0.72	0.71	0.68	0.71	0.66	0.65	0.65	0.64

December 31, 2023 calculation

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

Verisign Inc.'s total asset turnover has been relatively stable in recent quarters, fluctuating between 0.68 and 0.87. The ratio indicates that, on average, the company generated $0.85 in revenue for every $1 of total assets in Q4 2023. This suggests that Verisign efficiently utilizes its assets to generate sales.

A higher total asset turnover generally signifies better efficiency in asset utilization. Verisign's performance, hovering around 0.80-0.87, is considered good as it indicates a consistent ability to generate revenue relative to its asset base. However, the company may still have opportunities to improve this ratio further by effectively managing its assets to increase revenue generation. It will be essential for Verisign to continue monitoring and optimizing its asset turnover to maintain efficient operations and drive sustainable growth.