Comcast Corp (CMCSA)

Total asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	121,572,000	120,872,000	120,606,000	120,109,000	121,428,000	121,211,000	121,660,000	120,190,000	116,385,000	113,757,000	108,991,000	104,160,000	103,564,000	104,254,000	105,549,000	108,692,000	108,942,000	108,390,000	103,698,000	98,575,000
Total assets	US$ in thousands	264,811,000	261,072,000	262,147,000	259,429,000	257,275,000	254,308,000	267,032,000	274,074,000	275,905,000	277,061,000	277,004,000	278,511,000	273,869,000	268,940,000	265,978,000	262,421,000	263,414,000	256,374,000	256,555,000	256,189,000
Total asset turnover		0.46	0.46	0.46	0.46	0.47	0.48	0.46	0.44	0.42	0.41	0.39	0.37	0.38	0.39	0.40	0.41	0.41	0.42	0.40	0.38

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $121,572,000K ÷ $264,811,000K
= 0.46

The total asset turnover ratio for Comcast Corp has remained relatively stable over the past eight quarters, hovering around the range of 0.44 to 0.48. This indicates that, on average, Comcast generates approximately $0.46 in revenue for every dollar of assets it owns. The consistent performance in total asset turnover suggests that the company has been effectively utilizing its assets to generate sales, maintaining a stable level of efficiency in its operations. However, it would be beneficial for stakeholders to monitor any fluctuations to assess the company's ability to continue efficiently utilizing its assets to drive revenue.