Charter Communications Inc (CHTR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 55,085,000 | 54,607,000 | 54,022,000 | 51,682,000 | 48,097,000 |
| Total assets | US$ in thousands | 150,020,000 | 147,193,000 | 144,523,000 | 142,491,000 | 144,206,000 |
| Total asset turnover | 0.37 | 0.37 | 0.37 | 0.36 | 0.33 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $55,085,000K ÷ $150,020,000K
= 0.37
The total asset turnover ratio for Charter Communications Inc has been gradually improving over the years, increasing from 0.33 in December 2020 to 0.37 in December 2024. This indicates that the company is generating more revenue relative to its total assets, suggesting improved efficiency in utilizing its assets to generate sales. A higher total asset turnover ratio is generally favorable as it signifies that the company is effectively managing its assets to generate sales, which could lead to improved profitability and potential growth opportunities. Charter Communications Inc's consistent improvement in total asset turnover reflects a positive trend in asset utilization efficiency over the analyzed period.
Peer comparison
Dec 31, 2024