Total Asset Turnover
since 2015
Calculation
Etsy Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.61 | = | 2,329,114) | ÷ | 3,831,809) |
| Dec 31, 2020 | 0.72 | = | 1,725,625) | ÷ | 2,404,489) |
| Dec 31, 2019 | 0.53 | = | 818,379) | ÷ | 1,542,352) |
| Dec 31, 2018 | 0.67 | = | 603,693) | ÷ | 901,851) |
| Dec 31, 2017 | 0.73 | = | 441,231) | ÷ | 605,583) |
| Dec 31, 2016 | 0.63 | = | 364,967) | ÷ | 581,193) |
| Dec 31, 2015 | 0.49 | = | 273,499) | ÷ | 553,061) |
Based on: 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).
1 US$ in thousands
Between 2015 and 2021, a consistent expansion in both top-line revenue and the total asset base occurred. While revenue grew substantially over the period, the efficiency of asset utilization, as measured by the total asset turnover ratio, exhibited significant fluctuations, reflecting varying rates of growth between income generation and capital investment.
- Revenue Growth Trends
- Revenue increased from $273.5 million in 2015 to approximately $2.33 billion by the end of 2021. A significant acceleration in growth is observed between 2019 and 2020, during which revenue more than doubled from $818.4 million to $1.73 billion.
- Asset Base Expansion
- Total assets grew from $553.1 million in 2015 to $3.83 billion in 2021. The expansion of the asset base accelerated notably after 2017, with the most substantial increase occurring between 2019 and 2021, where assets grew from $1.54 billion to $3.83 billion.
- Total Asset Turnover Volatility
- The total asset turnover ratio followed a non-linear trajectory, starting at 0.49 in 2015 and peaking at 0.73 in 2017. A subsequent decline is noted through 2019, reaching a low of 0.53, indicating a period where asset accumulation outpaced revenue growth. A sharp recovery to 0.72 occurred in 2020, coinciding with the surge in revenue, before the ratio moderated to 0.61 in 2021 as the asset base continued to expand rapidly.
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Comparison to Competitors
Etsy Inc., total asset turnover, long-term trends, comparison to competitors
| Etsy Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.61 | 1.12 | 1.87 | 1.92 | 1.04 |
| Dec 31, 2020 | 0.72 | 1.20 | 2.15 | 1.83 | 1.73 |
| Dec 31, 2019 | 0.53 | 1.25 | 2.46 | 2.07 | 2.72 |
| Dec 31, 2018 | 0.67 | 1.43 | 2.27 | 1.94 | 2.55 |
| Dec 31, 2017 | 0.73 | 1.35 | 2.20 | 1.89 | 2.58 |
| Dec 31, 2016 | 0.63 | 1.63 | 2.08 | 1.89 | 2.69 |
| Dec 31, 2015 | 0.49 | 1.64 | 2.08 | 1.77 | 2.61 |
Based on: 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).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Etsy Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Etsy Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Dec 31, 2021 | 0.61 | 1.27 |
| Dec 31, 2020 | 0.72 | 1.40 |
| Dec 31, 2019 | 0.53 | 1.57 |
| Dec 31, 2018 | 0.67 | 1.71 |
| Dec 31, 2017 | 0.73 | 1.67 |
| Dec 31, 2016 | 0.63 | 1.86 |
| Dec 31, 2015 | 0.49 | 1.86 |
Based on: 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).
Comparison to Industry (Consumer Discretionary)
Etsy Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| Etsy Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2021 | 0.61 | 0.88 |
| Dec 31, 2020 | 0.72 | 0.84 |
| Dec 31, 2019 | 0.53 | 0.94 |
| Dec 31, 2018 | 0.67 | 0.96 |
| Dec 31, 2017 | 0.73 | 0.93 |
| Dec 31, 2016 | 0.63 | 0.96 |
| Dec 31, 2015 | 0.49 | 0.98 |
Based on: 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).