Total Asset Turnover
since 2005
Calculation
CoStar Group Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 0.26 | = | 2,182,399) | ÷ | 8,402,470) |
| Dec 31, 2021 | 0.27 | = | 1,944,135) | ÷ | 7,256,871) |
| Dec 31, 2020 | 0.24 | = | 1,659,019) | ÷ | 6,915,420) |
| Dec 31, 2019 | 0.36 | = | 1,399,719) | ÷ | 3,853,986) |
| Dec 31, 2018 | 0.36 | = | 1,191,832) | ÷ | 3,312,957) |
| Dec 31, 2017 | 0.34 | = | 965,230) | ÷ | 2,873,441) |
| Dec 31, 2016 | 0.38 | = | 837,630) | ÷ | 2,185,063) |
| Dec 31, 2015 | 0.34 | = | 711,764) | ÷ | 2,079,571) |
| Dec 31, 2014 | 0.28 | = | 575,936) | ÷ | 2,083,682) |
| Dec 31, 2013 | 0.35 | = | 440,943) | ÷ | 1,256,982) |
| Dec 31, 2012 | 0.30 | = | 349,936) | ÷ | 1,165,139) |
| Dec 31, 2011 | 0.33 | = | 251,738) | ÷ | 771,035) |
| Dec 31, 2010 | 0.51 | = | 226,260) | ÷ | 439,648) |
| Dec 31, 2009 | 0.52 | = | 209,659) | ÷ | 404,579) |
| Dec 31, 2008 | 0.64 | = | 212,428) | ÷ | 334,384) |
| Dec 31, 2007 | 0.60 | = | 192,805) | ÷ | 321,843) |
| Dec 31, 2006 | 0.58 | = | 158,889) | ÷ | 275,437) |
| Dec 31, 2005 | 0.54 | = | 134,338) | ÷ | 248,059) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial trajectory from 2005 to 2022 is characterized by substantial growth in both top-line revenue and the asset base, although the efficiency of asset utilization has experienced a long-term decline.
- Revenue and Asset Expansion
- Revenues exhibited consistent growth, increasing from 134.3 million US dollars in 2005 to 2.18 billion US dollars by 2022. During the same period, total assets grew at a more accelerated rate, rising from 248.1 million US dollars to 8.40 billion US dollars. This expansion was particularly pronounced between 2019 and 2020, where total assets increased by approximately 78%, moving from 3.85 billion US dollars to 6.92 billion US dollars.
- Asset Turnover Performance Trends
- The total asset turnover ratio demonstrates a clear downward trend over the analyzed period. From 2005 to 2008, the ratio improved slightly, peaking at 0.64, indicating a period of increasing operational efficiency relative to the asset base.
- A significant shift occurred between 2009 and 2013, where the ratio dropped from 0.52 to 0.35, reflecting a period where asset accumulation outpaced revenue generation. This trend continued through 2014, where the ratio hit a local minimum of 0.28.
- Between 2015 and 2019, the ratio remained relatively stable, fluctuating within a narrow range between 0.34 and 0.38. However, a sharp decline was observed in 2020, with the ratio falling to 0.24, the lowest point in the reported history. This decline corresponds with the substantial increase in total assets during that fiscal year.
- Comparative Efficiency Analysis
- By 2022, the total asset turnover ratio stood at 0.26, which is less than half of the efficiency level observed in 2008. The divergence between the aggressive growth of the balance sheet and the steady growth of revenues suggests a transition toward a more asset-intensive business model or a significant increase in long-term investments that have not yet reached full revenue-generating capacity.
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Comparison to Industry (Industrials)
CoStar Group Inc., total asset turnover, long-term trends, comparison to industry (industrials)
| CoStar Group Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 0.26 | 0.66 |
| Dec 31, 2021 | 0.27 | 0.58 |
| Dec 31, 2020 | 0.24 | 0.50 |
| Dec 31, 2019 | 0.36 | 0.62 |
| Dec 31, 2018 | 0.36 | 0.67 |
| Dec 31, 2017 | 0.34 | 0.62 |
| Dec 31, 2016 | 0.38 | 0.61 |
| Dec 31, 2015 | 0.34 | 0.54 |
| Dec 31, 2014 | 0.28 | 0.49 |
| Dec 31, 2013 | 0.35 | 0.47 |
| Dec 31, 2012 | 0.30 | 0.46 |
| Dec 31, 2011 | 0.33 | 0.45 |
| Dec 31, 2010 | 0.51 | 0.41 |
| Dec 31, 2009 | 0.52 | 0.39 |
| Dec 31, 2008 | 0.64 | 0.43 |
| Dec 31, 2007 | 0.60 | 0.41 |
| Dec 31, 2006 | 0.58 | 0.43 |
| Dec 31, 2005 | 0.54 | 0.40 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).