Graham Holdings Co (GHC)

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	4,403,440	4,303,530	4,201,410	3,997,102	3,881,548	3,696,730	3,495,222	3,386,894	3,193,798	3,082,719	2,998,779	2,846,516	2,873,113	2,865,588	2,887,426	2,972,157	2,932,099	2,857,708	2,793,654	2,728,729
Total assets	US$ in thousands	7,187,730	6,689,190	6,603,960	6,542,200	6,553,380	7,277,130	7,161,300	7,360,140	7,425,520	6,679,470	6,576,540	6,518,420	6,444,120	5,811,510	5,672,320	5,645,820	5,931,240	5,487,750	5,212,950	5,197,230
Total asset turnover		0.61	0.64	0.64	0.61	0.59	0.51	0.49	0.46	0.43	0.46	0.46	0.44	0.45	0.49	0.51	0.53	0.49	0.52	0.54	0.53

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,403,440K ÷ $7,187,730K
= 0.61

The total asset turnover of Graham Holdings Co. has shown a generally increasing trend over the past eight quarters, with the ratio ranging from 0.46 to 0.64. This indicates that the company generated revenue more efficiently from its assets in recent quarters compared to previous quarters.

A total asset turnover ratio of 0.61 in Q4 2023 suggests that for every dollar of assets held by the company, it generated $0.61 in sales. This indicates that Graham Holdings Co. is effectively utilizing its assets to generate revenue.

The improvement in the total asset turnover ratio could be attributed to various factors such as better asset management, increased sales volume, or more efficient operations. However, it is important to continue monitoring this ratio to ensure that the company maintains its efficiency in generating sales from its assets.