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.
Peer comparison
Dec 31, 2024