Maplebear Inc. (CART)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,378,000 | 3,042,000 | 2,551,000 | 1,834,000 | 1,477,000 |
| Total assets | US$ in thousands | 4,115,000 | 4,727,000 | 3,669,000 | 2,961,000 | 2,096,000 |
| Total asset turnover | 0.82 | 0.64 | 0.70 | 0.62 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,378,000K ÷ $4,115,000K
= 0.82
Maplebear Inc.'s total asset turnover has fluctuated over the past five years. The ratio stood at 0.70 at the end of 2020, decreased to 0.62 by the end of 2021, returned to 0.70 in 2022, dropped to 0.64 in 2023, and then significantly improved to 0.82 by the end of 2024. This indicates that, on average, the company generated $0.70 in revenue for every dollar of assets in 2020 and 2022, compared to $0.62 in 2021, $0.64 in 2023, and $0.82 in 2024. The improvement in 2024 suggests that Maplebear Inc. became more efficient in utilizing its assets to generate revenue. Further analysis of the contributing factors to this improving trend in total asset turnover would provide deeper insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024