Hasbro Inc (HAS)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,003,300 | 5,856,700 | 6,420,400 | 5,465,400 | 4,720,200 |
| Total assets | US$ in thousands | 6,540,900 | 9,295,900 | 10,037,800 | 10,818,400 | 8,855,600 |
| Total asset turnover | 0.76 | 0.63 | 0.64 | 0.51 | 0.53 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,003,300K ÷ $6,540,900K
= 0.76
Hasbro, Inc.'s total asset turnover has demonstrated fluctuations over the past five years. The company's total asset turnover ratio indicates its efficiency in generating sales revenue in relation to its total assets.
In 2023, the total asset turnover ratio improved to 0.76, representing an increase compared to the previous year. This implies that Hasbro generated $0.76 in sales for every dollar of total assets in 2023, showing improved efficiency in asset utilization.
The upward trend in total asset turnover from 2020 to 2023 suggests that Hasbro has been more effective in utilizing its assets to drive sales growth. The ratio peaked in 2023, indicating that the company was able to generate more revenue relative to its asset base compared to the preceding years.
Overall, the increasing trend in total asset turnover for Hasbro signifies an enhancement in the company's asset management and operational efficiency, which may have positively impacted its financial performance and profitability.