Amazon.com Inc (AMZN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 637,551,000 | 571,668,000 | 511,276,000 | 467,958,000 | 384,452,000 |
| Total assets | US$ in thousands | 624,894,000 | 527,854,000 | 462,675,000 | 420,549,000 | 321,195,000 |
| Total asset turnover | 1.02 | 1.08 | 1.11 | 1.11 | 1.20 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $637,551,000K ÷ $624,894,000K
= 1.02
Amazon.com Inc's total asset turnover has shown a slight decline over the past five years, decreasing from 1.20 in 2020 to 1.02 in 2024. This ratio indicates how efficiently the company is utilizing its assets to generate sales. A total asset turnover of 1.02 in 2024 suggests that for every dollar of assets Amazon holds, it generated $1.02 in revenue. While the decrease in total asset turnover may indicate a potential inefficiency in asset utilization, it is important to consider other factors such as industry trends and business strategies when evaluating the company's overall performance.
Peer comparison
Dec 31, 2024