Alphabet Inc Class C (GOOG)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	348,853,000	338,527,000	326,485,000	316,133,000	305,445,000	294,667,000	287,780,000	283,140,000	281,513,000	282,362,000	277,870,000	270,007,000	257,262,000	238,240,000	219,442,000	195,859,000	181,704,000	171,155,000	165,528,000	166,276,000
Total assets	US$ in thousands	450,256,000	430,266,000	414,770,000	407,350,000	402,392,000	396,711,000	383,044,000	369,491,000	365,264,000	358,255,000	355,185,000	357,096,000	359,268,000	347,403,000	335,387,000	327,095,000	319,616,000	299,243,000	278,492,000	273,403,000
Total asset turnover		0.77	0.79	0.79	0.78	0.76	0.74	0.75	0.77	0.77	0.79	0.78	0.76	0.72	0.69	0.65	0.60	0.57	0.57	0.59	0.61

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $348,853,000K ÷ $450,256,000K
= 0.77

The total asset turnover ratio for Alphabet Inc Class C has fluctuated over the period analyzed, ranging from a low of 0.57 in September 30, 2020, to a peak of 0.79 in June 30, 2024. This ratio indicates the company's ability to generate revenue relative to its total assets. A higher total asset turnover ratio typically reflects more efficient asset utilization and revenue generation. In the case of Alphabet Inc Class C, the general trend shows an improvement in asset turnover over time, with an overall increase from 0.61 in March 31, 2020, to 0.77 in December 31, 2024, suggesting enhanced efficiency in utilizing its assets to generate revenue. This improvement may signify effective operational management and capital deployment strategies within the company.