eBay Inc (EBAY)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,112,000 | 9,795,000 | 10,420,000 | 8,894,000 | 7,429,000 |
| Total assets | US$ in thousands | 21,620,000 | 20,850,000 | 26,626,000 | 19,310,000 | 18,174,000 |
| Total asset turnover | 0.47 | 0.47 | 0.39 | 0.46 | 0.41 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,112,000K ÷ $21,620,000K
= 0.47
EBay Inc.'s total asset turnover has fluctuated over the past five years. The ratio was 0.47 in both 2023 and 2022, indicating that the company generated $0.47 in revenue for every $1 of total assets during those years. This suggests that EBay Inc. may have been able to effectively utilize its assets to generate sales consistently over these two years.
However, the total asset turnover was lower in 2021 at 0.39, indicating that the company generated less revenue per dollar of assets compared to the previous years. This could suggest that EBay Inc. may have experienced efficiency challenges in utilizing its assets to drive sales during 2021.
On the other hand, the total asset turnover ratio was higher in 2020 at 0.53 and in 2019 at 0.59, indicating that the company was more efficient in generating sales relative to its asset base during these years. This higher turnover could imply that EBay Inc. effectively leveraged its assets to generate revenue during these periods.
Overall, EBay Inc.'s total asset turnover has shown variability over the past five years, with some years demonstrating stronger asset utilization efficiency than others. It would be important for investors and stakeholders to further investigate the reasons behind these fluctuations to gain a deeper understanding of the company's performance.
Peer comparison
Dec 31, 2023