AMC Networks Inc (AMCX)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,567,570 | 2,966,680 | 2,943,660 | 2,671,620 | 2,943,430 |
| Total assets | US$ in thousands | 4,969,790 | 5,633,840 | 5,748,950 | 5,246,340 | 5,596,690 |
| Total asset turnover | 0.52 | 0.53 | 0.51 | 0.51 | 0.53 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,567,570K ÷ $4,969,790K
= 0.52
AMC Networks Inc's total asset turnover has remained relatively stable over the past five years, ranging between 0.54 to 0.55. Total asset turnover measures the efficiency with which the company generates sales from its total assets. A total asset turnover ratio of around 0.55 means that for every dollar of assets AMC Networks Inc holds, it generates approximately $0.55 in revenue.
The consistent total asset turnover suggests that the company has maintained a steady level of sales relative to its asset base. This implies that AMC Networks Inc has been effectively utilizing its assets to generate revenue over the years. However, further analysis in conjunction with other financial ratios and factors would be required to gain a more comprehensive understanding of the company's operational efficiency and overall financial performance.
Peer comparison
Dec 31, 2023