Comcast Corp (CMCSA)
Total 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 |
| Total assets | US$ in thousands | 266,211,000 | 264,811,000 | 257,275,000 | 275,905,000 | 273,869,000 |
| Total asset turnover | 0.46 | 0.46 | 0.47 | 0.42 | 0.38 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $123,731,000K ÷ $266,211,000K
= 0.46
Total asset turnover is a ratio that measures a company's ability to generate revenue from its assets. In the case of Comcast Corp, the total asset turnover has been gradually improving over the past few years. It increased from 0.38 in December 2020 to 0.42 in December 2021, and further to 0.47 in December 2022. However, there was a slight dip in the ratio to 0.46 in both December 2023 and December 2024.
This trend indicates that Comcast Corp has been more efficient in utilizing its assets to generate sales over the years, with a peak in 2022. The slight decrease in 2023 and 2024 could be attributed to various factors such as changes in operations, investments in new assets, or fluctuations in revenue. Overall, the company's total asset turnover ratio suggests a positive trend in asset utilization efficiency.
Peer comparison
Dec 31, 2024