Alphabet Inc Class C (GOOG)

Total asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 348,963,000 305,559,000 281,279,000 257,637,000 182,527,000
Total assets US$ in thousands 450,256,000 402,392,000 365,264,000 359,268,000 319,616,000
Total asset turnover 0.78 0.76 0.77 0.72 0.57

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $348,963,000K ÷ $450,256,000K
= 0.78

Based on the data provided for Alphabet Inc Class C's total asset turnover, the ratio has shown a gradual increase over the years. Starting at 0.57 on December 31, 2020, the total asset turnover improved to 0.72 by December 31, 2021, indicating that the company generated $0.72 in revenue for every dollar of assets.

The trend continued positively, reaching 0.77 by December 31, 2022, 0.76 by December 31, 2023, and further improving to 0.78 by December 31, 2024. This progression suggests that Alphabet Inc Class C has been utilizing its assets more efficiently to generate revenue, reflecting improved operational performance and potentially effective asset management strategies.

A total asset turnover ratio above 1 is generally considered favorable, indicating that the company is generating more revenue relative to its asset base. The increasing trend observed in Alphabet Inc Class C's total asset turnover indicates a positive trajectory in the company's asset utilization efficiency over the years.


See also:

Alphabet Inc Class C Total Asset Turnover