Ziff Davis Inc (ZD)
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 | 1,364,028 | 1,370,843 | 1,371,731 | 1,383,071 | 1,390,997 | 1,402,925 | 1,416,196 | 1,420,133 | 1,416,722 | 1,392,149 | 1,310,017 | 1,219,080 | 1,158,829 | 1,180,362 | 1,251,491 | 1,323,567 | 1,372,054 | 1,312,525 | 1,261,108 | 1,226,565 |
| Total assets | US$ in thousands | 3,471,020 | 3,383,230 | 3,469,290 | 3,527,070 | 3,533,270 | 3,433,070 | 3,543,100 | 3,663,170 | 3,770,280 | 3,830,660 | 3,703,370 | 3,703,660 | 3,665,330 | 3,342,990 | 3,419,440 | 3,368,890 | 3,505,850 | 2,893,300 | 2,809,930 | 2,642,910 |
| Total asset turnover | 0.39 | 0.41 | 0.40 | 0.39 | 0.39 | 0.41 | 0.40 | 0.39 | 0.38 | 0.36 | 0.35 | 0.33 | 0.32 | 0.35 | 0.37 | 0.39 | 0.39 | 0.45 | 0.45 | 0.46 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,364,028K ÷ $3,471,020K
= 0.39
The total asset turnover ratio for Ziff Davis Inc has been relatively stable over the past eight quarters, ranging from 0.33 to 0.41. This ratio indicates that for every dollar of assets the company holds, it generates between $0.33 and $0.41 in revenue.
A total asset turnover ratio of less than 1 typically suggests that the company is not efficiently utilizing its assets to generate sales. In the case of Ziff Davis Inc, the ratio has been consistently below 1, indicating that the company may have excess or underutilized assets.
The slight fluctuations in the ratio over the quarters suggest that the company's ability to generate revenue from its assets has remained relatively stagnant. It would be important for the company to assess its asset management strategies and operational efficiency to improve the total asset turnover ratio and enhance overall financial performance.