Hasbro Inc (HAS)
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 | 5,003,300 | 5,392,900 | 5,565,400 | 5,694,600 | 5,856,700 | 6,191,600 | 6,485,700 | 6,468,700 | 6,420,400 | 6,129,970 | 5,936,590 | 5,474,669 | 5,465,439 | 5,170,479 | 4,969,029 | 5,093,287 | 4,720,227 | 4,681,377 | 4,675,897 | 4,595,818 |
| Total assets | US$ in thousands | 6,540,900 | 8,340,200 | 8,609,700 | 8,923,700 | 9,295,900 | 9,626,100 | 9,503,000 | 9,518,700 | 10,037,800 | 10,230,400 | 10,102,200 | 10,189,100 | 10,818,400 | 10,703,200 | 10,222,100 | 10,424,400 | 8,855,600 | 5,554,620 | 5,038,610 | 4,934,770 |
| Total asset turnover | 0.76 | 0.65 | 0.65 | 0.64 | 0.63 | 0.64 | 0.68 | 0.68 | 0.64 | 0.60 | 0.59 | 0.54 | 0.51 | 0.48 | 0.49 | 0.49 | 0.53 | 0.84 | 0.93 | 0.93 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,003,300K ÷ $6,540,900K
= 0.76
The total asset turnover ratio for Hasbro, Inc. fluctuated over the past eight quarters, ranging from 0.63 to 0.76. This ratio measures how efficiently the company utilizes its assets to generate sales revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets, reflecting efficiency in asset management.
In this case, Hasbro's total asset turnover ratio has shown some variability, with a slight downward trend in recent quarters. This may suggest that the company's ability to generate sales from its assets has slightly decreased over time. However, it is essential to consider industry benchmarks and peer comparisons to fully evaluate Hasbro's performance in this aspect.
Overall, monitoring the total asset turnover ratio helps evaluate Hasbro's asset utilization efficiency and can provide insights into its operational performance and financial health.