DoorDash, Inc. Class A Common Stock (DASH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,722,000 | 8,635,000 | 6,583,000 | 4,888,000 | 2,886,000 |
| Total assets | US$ in thousands | 12,845,000 | 10,839,000 | 9,789,000 | 6,809,000 | 6,353,000 |
| Total asset turnover | 0.83 | 0.80 | 0.67 | 0.72 | 0.45 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,722,000K ÷ $12,845,000K
= 0.83
The total asset turnover ratio for DoorDash, Inc. Class A Common Stock demonstrates a generally upward trend over the period from December 31, 2020, through December 31, 2024. Starting at 0.45 in 2020, the ratio experienced a notable increase to 0.72 in 2021, indicating an improvement in the company's efficiency in generating revenue from its assets. The ratio then saw a slight decline to 0.67 in 2022, which may reflect operational or strategic adjustments impacting asset utilization. However, this decline was followed by a continued upward trajectory, reaching 0.80 in 2023 and further increasing to 0.83 in 2024.
This progression suggests that DoorDash has been progressively enhancing its asset efficiency over time. The increasing total asset turnover implies that the company is generating more revenue per dollar of assets employed, reflecting improved operational effectiveness or possibly strategic activities aimed at better asset utilization. The observed fluctuations and overall upward trend are consistent with a company that is effectively managing its assets to drive revenue growth and improve financial performance over this period.
Peer comparison
Dec 31, 2024