Comcast Corp (CMCSA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 123,731,000 | 121,572,000 | 121,427,000 | 116,385,000 | 103,564,000 |
| Property, plant and equipment | US$ in thousands | 62,548,000 | 59,686,000 | 55,485,000 | 54,000,000 | 51,995,000 |
| Fixed asset turnover | 1.98 | 2.04 | 2.19 | 2.16 | 1.99 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $123,731,000K ÷ $62,548,000K
= 1.98
The fixed asset turnover of Comcast Corp has shown a generally increasing trend from 2020 to 2022, with values of 1.99, 2.16, and 2.19, respectively. This indicates that the company's ability to generate revenue from its fixed assets has been improving over these years. However, there was a slight decline in 2023 with a ratio of 2.04, followed by a decrease to 1.98 in 2024.
Overall, Comcast Corp's fixed asset turnover has been relatively healthy, reflecting efficient utilization of its fixed assets to generate sales. The fluctuations in the ratio over the years could be influenced by various factors such as changes in asset efficiency, sales volume, or improvements in operational processes. Further analysis would be needed to determine the specific drivers behind these fluctuations and their implications for the company's financial performance.
Peer comparison
Dec 31, 2024