Alphabet Inc Class A (GOOGL)
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
Alphabet Inc Class A's total asset turnover has shown a steady improvement over the period from December 31, 2020, to December 31, 2024. The metric increased from 0.57 in 2020 to 0.78 in 2024. This indicates that the company generated $0.78 in revenue for every dollar of assets held at the end of the period in 2024. The upward trend suggests that Alphabet Inc Class A has become more efficient in utilizing its assets to generate sales over time. A higher total asset turnover ratio is generally viewed positively as it indicates better asset utilization and productivity.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Alphabet Inc Class A
GOOGL
0.78
Alphabet Inc Class C
GOOG
0.78
DigitalOcean Holdings Inc
DOCN
0.48
DoubleVerify Holdings Inc
DV
0.46
HealthStream Inc
HSTM
0.56
Meta Platforms Inc.
META
0.59
Sabre Corpo
SABR
0.50
TripAdvisor Inc
TRIP
0.69