Charter Communications Inc (CHTR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 54,607,000 | 54,022,000 | 51,682,000 | 48,097,000 | 45,764,000 |
| Total assets | US$ in thousands | 147,193,000 | 144,523,000 | 142,491,000 | 144,206,000 | 148,188,000 |
| Total asset turnover | 0.37 | 0.37 | 0.36 | 0.33 | 0.31 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $54,607,000K ÷ $147,193,000K
= 0.37
The total asset turnover ratio for Charter Communications Inc. has shown a consistent trend of improvement over the past five years. The ratio increased from 0.31 in 2019 to 0.37 in both 2022 and 2023, indicating that the company is generating more revenue relative to its total assets. This implies that Charter Communications is becoming more efficient in utilizing its assets to generate sales, which is a positive sign for the company's operational performance. The stable and increasing trend in total asset turnover suggests that Charter Communications is effectively managing its asset base to drive revenue growth over the years.
Peer comparison
Dec 31, 2023