Comcast Corp (CMCSA)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 121,572,000 | 121,427,000 | 116,385,000 | 103,564,000 | 108,942,000 |
| Total assets | US$ in thousands | 264,811,000 | 257,275,000 | 275,905,000 | 273,869,000 | 263,414,000 |
| Total asset turnover | 0.46 | 0.47 | 0.42 | 0.38 | 0.41 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $121,572,000K ÷ $264,811,000K
= 0.46
The total asset turnover of Comcast Corp has exhibited varying trends over the past five years, ranging from 0.38 to 0.47. The ratio indicates the company's ability to generate sales from its total assets. A decreasing trend in the ratio may suggest that the company is becoming less efficient in utilizing its assets to generate revenue, while an increasing trend may signify improved asset utilization. In 2023, the total asset turnover decreased slightly to 0.46 from 0.47 in 2022, potentially indicating a marginal decrease in the efficiency of asset utilization for revenue generation. However, it is important to analyze this ratio in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of Comcast Corp's financial performance and asset management.
Peer comparison
Dec 31, 2023