Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Arista Networks Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Arista Networks Inc. net fixed asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Arista Networks Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 and from 2023 to 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Arista Networks Inc. total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Arista Networks Inc. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover
Arista Networks Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 7,003,146) | 5,860,168) | 4,381,310) | 2,948,037) | 2,317,512) | |
| Property and equipment, net | 98,845) | 101,580) | 95,009) | 78,634) | 32,231) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 70.85 | 57.69 | 46.11 | 37.49 | 71.90 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Apple Inc. | 8.56 | 8.77 | 9.36 | 9.28 | 7.47 | |
| Cisco Systems Inc. | 25.74 | 27.34 | 25.82 | 21.31 | 20.10 | |
| Dell Technologies Inc. | 13.75 | 16.48 | 18.69 | 14.65 | 15.22 | |
| Super Micro Computer Inc. | 36.21 | 24.54 | 18.17 | 12.95 | 14.28 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Technology Hardware & Equipment | 10.15 | 10.60 | 11.15 | 10.63 | 9.26 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Information Technology | 3.46 | 3.78 | 4.44 | 4.74 | 4.57 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 7,003,146 ÷ 98,845 = 70.85
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Arista Networks Inc. net fixed asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Arista Networks Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 7,003,146) | 5,860,168) | 4,381,310) | 2,948,037) | 2,317,512) | |
| Property and equipment, net | 98,845) | 101,580) | 95,009) | 78,634) | 32,231) | |
| Operating lease right-of-use assets (included in Other assets) | 51,956) | 55,890) | 53,390) | 65,182) | 77,288) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 150,801) | 157,470) | 148,399) | 143,816) | 109,519) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 46.44 | 37.21 | 29.52 | 20.50 | 21.16 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Apple Inc. | 6.99 | 7.05 | 7.51 | 7.39 | 6.06 | |
| Cisco Systems Inc. | 17.05 | 18.65 | 17.19 | 14.51 | 14.61 | |
| Dell Technologies Inc. | 12.39 | 14.75 | 16.10 | 11.02 | 11.76 | |
| Super Micro Computer Inc. | 33.35 | 23.02 | 16.78 | 12.07 | 12.96 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Technology Hardware & Equipment | 8.31 | 8.57 | 8.94 | 8.34 | 7.41 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Information Technology | 3.05 | 3.32 | 3.84 | 4.02 | 3.86 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 7,003,146 ÷ 150,801 = 46.44
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Arista Networks Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 and from 2023 to 2024. |
Total Asset Turnover
Arista Networks Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 7,003,146) | 5,860,168) | 4,381,310) | 2,948,037) | 2,317,512) | |
| Total assets | 14,043,921) | 9,946,806) | 6,775,410) | 5,734,429) | 4,738,919) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.50 | 0.59 | 0.65 | 0.51 | 0.49 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Apple Inc. | 1.07 | 1.09 | 1.12 | 1.04 | 0.85 | |
| Cisco Systems Inc. | 0.43 | 0.56 | 0.55 | 0.51 | 0.52 | |
| Dell Technologies Inc. | 1.08 | 1.14 | 1.09 | 0.76 | 0.78 | |
| Super Micro Computer Inc. | 1.53 | 1.94 | 1.62 | 1.59 | 1.74 | |
| Total Asset Turnover, Sector | ||||||
| Technology Hardware & Equipment | 0.93 | 1.00 | 1.01 | 0.89 | 0.77 | |
| Total Asset Turnover, Industry | ||||||
| Information Technology | 0.58 | 0.61 | 0.65 | 0.62 | 0.58 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Total asset turnover = Revenue ÷ Total assets
= 7,003,146 ÷ 14,043,921 = 0.50
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Arista Networks Inc. total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Equity Turnover
Arista Networks Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 7,003,146) | 5,860,168) | 4,381,310) | 2,948,037) | 2,317,512) | |
| Stockholders’ equity | 9,994,807) | 7,219,059) | 4,885,820) | 3,978,600) | 3,320,291) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.70 | 0.81 | 0.90 | 0.74 | 0.70 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Apple Inc. | 6.87 | 6.17 | 7.78 | 5.80 | 4.20 | |
| Cisco Systems Inc. | 1.18 | 1.29 | 1.30 | 1.21 | 1.30 | |
| Dell Technologies Inc. | — | — | — | 38.01 | — | |
| Super Micro Computer Inc. | 2.77 | 3.61 | 3.64 | 3.25 | 3.13 | |
| Equity Turnover, Sector | ||||||
| Technology Hardware & Equipment | 4.81 | 4.94 | 5.86 | 4.61 | 3.97 | |
| Equity Turnover, Industry | ||||||
| Information Technology | 1.42 | 1.56 | 1.74 | 1.79 | 1.82 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Equity turnover = Revenue ÷ Stockholders’ equity
= 7,003,146 ÷ 9,994,807 = 0.70
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Arista Networks Inc. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |