Amazon.com Inc (AMZN)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 279,382,000 | 264,328,000 | 250,961,000 | 240,483,000 |
| Total assets | US$ in thousands | 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 | 225,248,000 | 199,099,000 | 191,351,000 | 178,102,000 |
| Total asset turnover | 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 | 1.24 | 1.33 | 1.31 | 1.35 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $571,668,000K ÷ $527,854,000K
= 1.08
Total asset turnover is a key financial ratio that measures the efficiency of a company in generating revenue from its total assets. A higher total asset turnover indicates that the company is using its assets more efficiently to generate sales.
Based on the data provided for Amazon.com Inc., the total asset turnover has shown some fluctuations over the past eight quarters. The ratio ranged from 1.09 to 1.17 during this period, with an average of approximately 1.14.
In Q3 and Q2 2022, Amazon exhibited the highest total asset turnover of 1.17, indicating a high level of efficiency in utilizing its assets to generate revenue. However, the ratio decreased slightly in subsequent quarters but remained relatively stable around 1.13 to 1.14, indicating consistent efficiency in asset utilization.
Overall, the total asset turnover ratios for Amazon.com Inc. suggest that the company is effectively leveraging its total assets to drive sales, which is essential for maintaining financial health and maximizing returns for its shareholders.
Peer comparison
Dec 31, 2023