Ziff Davis Inc (ZD)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,364,030 | 1,391,000 | 1,416,720 | 1,158,830 | 1,050,460 |
| Total assets | US$ in thousands | 3,471,020 | 3,533,270 | 3,770,280 | 3,665,330 | 3,505,850 |
| Total asset turnover | 0.39 | 0.39 | 0.38 | 0.32 | 0.30 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,364,030K ÷ $3,471,020K
= 0.39
The total asset turnover of Ziff Davis Inc has been relatively stable over the past five years, ranging from 0.38 to 0.41. This ratio indicates that, on average, the company generates approximately 39% to 41% of sales revenue for every dollar of assets it owns. The consistency in the total asset turnover suggests that Ziff Davis Inc has been efficient in utilizing its assets to generate revenue consistently over the years. However, it is important to consider other factors such as industry norms and company-specific circumstances to have a comprehensive understanding of the company's overall performance and efficiency in asset utilization.