Alphabet Inc Class A (GOOGL)
Total asset turnover
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 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 | 161,456,000 | 155,163,000 | 148,400,000 | 142,012,000 |
Total assets | US$ in thousands | 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 | 275,909,000 | 263,044,000 | 257,101,000 | 245,349,000 |
Total asset turnover | 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 | 0.59 | 0.59 | 0.58 | 0.58 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $305,445,000K ÷ $402,392,000K
= 0.76
The total asset turnover for Alphabet Inc has remained relatively consistent over the past eight quarters, ranging from 0.75 to 0.79. This ratio measures the company's ability to generate revenue in relation to its total assets. A total asset turnover below 1 indicates that the company is generating less revenue relative to its total assets, which may suggest underutilization of assets or inefficient operations. Although Alphabet Inc's total asset turnover has fluctuated slightly, it generally indicates that the company is effectively utilizing its assets to generate revenue. However, it is important to analyze other financial metrics and industry benchmarks to gain a comprehensive understanding of the company's overall performance.
Peer comparison
Dec 31, 2023