Alphabet Inc Class A (GOOGL)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 305,559,000 | 281,279,000 | 257,637,000 | 182,527,000 | 161,857,000 |
| Total assets | US$ in thousands | 402,392,000 | 365,264,000 | 359,268,000 | 319,616,000 | 275,909,000 |
| Total asset turnover | 0.76 | 0.77 | 0.72 | 0.57 | 0.59 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $305,559,000K ÷ $402,392,000K
= 0.76
The total asset turnover for Alphabet Inc has shown a fluctuating trend over the past five years. The ratio indicates the company's ability to generate revenue in relation to its total assets. In 2023, the total asset turnover was 0.76, compared to 0.77 in 2022 and 0.72 in 2021. This suggests a slightly lower efficiency in utilizing its total assets to generate sales revenue in 2023. However, it is important to note that the ratio remained relatively consistent within a close range over the years, indicating a stable performance in leveraging its asset base to drive sales. Nonetheless, management may want to focus on further optimizing the utilization of assets to improve revenue generation efficiency.
Peer comparison
Dec 31, 2023