Maplebear Inc. (CART)

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	Sep 30, 2019
Revenue (ttm)	US$ in thousands	3,378,000	3,298,000	3,210,000	3,103,000	3,042,000	2,996,000	2,900,000	2,805,000	2,551,000	2,269,000	2,076,000	1,899,000	1,836,000	1,366,758	897,613	459,271	21,683
Total assets	US$ in thousands	4,115,000	3,926,000	4,027,000	4,097,000	4,727,000	4,421,000	3,787,000	3,715,000	3,669,000	3,669,000	3,030,000	—	2,961,000	2,961,000	—	—	622,535
Total asset turnover		0.82	0.84	0.80	0.76	0.64	0.68	0.77	0.76	0.70	0.62	0.69	—	0.62	0.46	—	—	0.03

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,378,000K ÷ $4,115,000K
= 0.82

Maplebear Inc.'s total asset turnover has shown fluctuations over the reporting periods. From September 30, 2019, with a ratio of 0.03, the company's total asset turnover was negligible, indicating a low level of efficiency in generating revenue from its assets. The ratio remained unavailable in subsequent reports till March 31, 2021.

Starting from September 30, 2021, there was a significant increase in total asset turnover to 0.46, indicating improved efficiency in generating revenue from assets. This improvement continued, reaching 0.82 by December 31, 2024, reflecting a notable enhancement in asset utilization.

The highest total asset turnover was observed on June 30, 2024, at 0.80, indicating that Maplebear Inc. generated $0.80 in revenue for each dollar of total assets during that period. Overall, the company has shown a positive trend in asset turnover efficiency, with the ratio generally increasing over time, suggesting better utilization of assets to drive revenue generation.