VeriSign Inc (VRSN)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,557,400 | 1,542,400 | 1,528,100 | 1,513,000 | 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 |
| Total assets | US$ in thousands | 1,406,500 | 1,462,000 | 1,505,100 | 1,727,800 | 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 |
| Total asset turnover | 1.11 | 1.05 | 1.02 | 0.88 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,557,400K ÷ $1,406,500K
= 1.11
VeriSign Inc's total asset turnover has shown a fluctuating trend over the reporting periods. The ratio started at 0.71 in March 2020, indicating that the company generated $0.71 in revenue for each dollar of total assets. Over the subsequent quarters, the total asset turnover ratio decreased slightly to 0.68 by June 2020 before showing a slight improvement to 0.72 by December 2020.
Throughout 2021, the total asset turnover ratio remained relatively stable within the range of 0.72 to 0.74, suggesting a consistent utilization of assets to generate revenue. In the first half of 2022, there was a notable increase in the ratio, reaching 0.78 by June and further improving to 0.82 by December 2022.
In 2023, the total asset turnover ratio continued to rise, reaching 0.87 by both March and June, indicating an efficient use of assets to generate revenue. The ratio slightly declined to 0.85 by December 2023 but then significantly increased to 0.88 by March 2024. The trend of improvement continued throughout 2024, with the total asset turnover ratio surpassing 1.0 by June 2024 and further increasing to 1.11 by December 2024.
Overall, the increasing trend in VeriSign Inc's total asset turnover ratio from 2022 to 2024 signifies an enhanced efficiency in utilizing assets to generate revenue, reflecting potential improvements in operational performance and asset management strategies within the company.
Peer comparison
Dec 31, 2024