Amazon.com Inc (AMZN)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 636,907,000 | 618,656,000 | 601,945,000 | 587,658,000 | 571,668,000 | 550,716,000 | 534,914,000 | 521,895,000 | 511,276,000 | 499,803,000 | 483,634,000 | 475,856,000 | 467,958,000 | 456,610,000 | 442,115,000 | 417,869,000 | 384,831,000 | 346,713,000 | 320,581,000 | 295,093,000 |
| Total assets | US$ in thousands | 624,894,000 | 584,626,000 | 554,818,000 | 530,969,000 | 527,854,000 | 486,883,000 | 477,607,000 | 464,378,000 | 462,675,000 | 428,362,000 | 419,728,000 | 410,767,000 | 420,549,000 | 382,406,000 | 360,319,000 | 323,077,000 | 321,195,000 | 282,179,000 | 258,314,000 | 221,238,000 |
| Total asset turnover | 1.02 | 1.06 | 1.08 | 1.11 | 1.08 | 1.13 | 1.12 | 1.12 | 1.11 | 1.17 | 1.15 | 1.16 | 1.11 | 1.19 | 1.23 | 1.29 | 1.20 | 1.23 | 1.24 | 1.33 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $636,907,000K ÷ $624,894,000K
= 1.02
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. It is calculated by dividing net sales by average total assets.
Based on the provided data for Amazon.com Inc, the total asset turnover has shown fluctuations over time. It was relatively stable around 1.20 to 1.30 from March 31, 2020, to June 30, 2021. However, there was a gradual decline thereafter, dropping to 1.02 by December 31, 2024.
A high total asset turnover ratio indicates that the company efficiently uses its assets to generate sales, while a low ratio may suggest that the company is not effectively utilizing its assets to generate revenue. In Amazon's case, the decreasing trend in the total asset turnover ratio may indicate a declining efficiency in generating sales relative to the value of its assets.
It is essential for investors and analysts to monitor the total asset turnover ratio over time to assess the company's operational efficiency and effectiveness in utilizing its assets to drive revenue growth.
Peer comparison
Dec 31, 2024