eBay Inc (EBAY)

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	10,112,000	10,060,000	9,940,000	9,822,000	9,795,000	9,898,000	10,019,000	10,265,000	10,420,000	10,285,000	10,042,000	9,711,000	9,042,000	8,249,000	8,074,000	7,914,000	8,127,000	8,960,000	9,526,000	9,989,000
Total assets	US$ in thousands	21,620,000	21,184,000	19,956,000	20,004,000	20,850,000	19,097,000	19,653,000	22,980,000	26,626,000	29,257,000	31,823,000	18,731,000	19,310,000	18,421,000	20,014,000	18,929,000	18,174,000	18,714,000	21,169,000	22,329,000
Total asset turnover		0.47	0.47	0.50	0.49	0.47	0.52	0.51	0.45	0.39	0.35	0.32	0.52	0.47	0.45	0.40	0.42	0.45	0.48	0.45	0.45

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,112,000K ÷ $21,620,000K
= 0.47

EBay Inc.'s total asset turnover ratio has been relatively stable over the past eight quarters, ranging from 0.43 to 0.50. This ratio measures the company's ability to generate sales revenue from its total assets. A total asset turnover ratio of less than 1 indicates that EBay Inc. is not efficiently utilizing its assets to generate sales.

The ratio has hovered around the 0.47 to 0.50 range in recent quarters, suggesting a consistent level of asset utilization. However, the slight fluctuations in the ratio over the quarters may indicate variations in the company's asset management efficiency.

Overall, EBay Inc.'s total asset turnover ratio indicates that the company may have room for improvement in optimizing the use of its assets to generate sales revenue effectively. Further analysis of the company's asset management strategies and operational efficiency may be necessary to enhance its overall performance.