Hasbro Inc (HAS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,135,500 | 5,003,300 | 5,856,700 | 6,420,400 | 5,465,400 |
| Total assets | US$ in thousands | 6,340,300 | 6,540,900 | 9,295,900 | 10,037,800 | 10,818,400 |
| Total asset turnover | 0.65 | 0.76 | 0.63 | 0.64 | 0.51 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,135,500K ÷ $6,340,300K
= 0.65
Total asset turnover is a financial metric that measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is able to effectively utilize its assets to generate sales.
Analyzing the data provided for Hasbro Inc, we observe fluctuations in the total asset turnover ratio over the years. In December 2020, the total asset turnover ratio was 0.51, indicating that the company generated $0.51 in sales for every $1 of total assets. Over the subsequent years, there was an improvement in the ratio, reaching 0.76 by December 31, 2023. This suggests that Hasbro Inc effectively increased its sales relative to its total assets during this period.
However, in December 2024, the total asset turnover ratio declined to 0.65, indicating a decrease in the efficiency of asset utilization compared to the previous year. Despite this slight decrease, Hasbro Inc still maintained a relatively strong total asset turnover ratio, demonstrating its ability to generate sales from its asset base.
Overall, the trend in Hasbro Inc's total asset turnover ratio shows fluctuations but generally indicates that the company has been efficient in utilizing its assets to drive sales revenue, with some variations in performance observed over the years.