Amazon.com Inc (AMZN)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 571,668,000 | 511,276,000 | 467,958,000 | 384,452,000 | 278,902,000 |
| Total assets | US$ in thousands | 527,854,000 | 462,675,000 | 420,549,000 | 321,195,000 | 225,248,000 |
| Total asset turnover | 1.08 | 1.11 | 1.11 | 1.20 | 1.24 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $571,668,000K ÷ $527,854,000K
= 1.08
Amazon.com Inc.'s total asset turnover has shown a decreasing trend over the past five years. It decreased from 1.25 in 2019 to 1.09 in 2023. This indicates that Amazon's ability to generate sales from its total assets has declined over the period, suggesting potential inefficiencies in asset utilization or a decrease in sales relative to its asset base. A lower total asset turnover may point towards underutilized assets or higher levels of investment in assets that are not generating significant revenue. Further analysis of the company's operational efficiency and asset management strategies may be warranted to improve this ratio.
Peer comparison
Dec 31, 2023