IAC Inc. (IAC)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,365,240 | 5,235,280 | 3,699,630 | 2,764,540 |
| Total assets | US$ in thousands | 10,371,200 | 10,393,600 | 12,302,600 | 9,161,710 |
| Total asset turnover | 0.42 | 0.50 | 0.30 | 0.30 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,365,240K ÷ $10,371,200K
= 0.42
The total asset turnover for IAC Inc. has varied over the past four years, with the ratio ranging from 0.30 to 0.50. In 2023, the total asset turnover of the company was 0.42, indicating that for every dollar of total assets, the company generated 0.42 dollars of revenue. This ratio suggests that the company is efficient in utilizing its assets to generate sales. Compared to the previous year, there was a slight decrease in the total asset turnover from 0.50 in 2022 to 0.42 in 2023. Despite the decrease, the company's asset turnover remains relatively stable, indicating that IAC Inc. is effectively managing its assets to generate revenue.
Peer comparison
Dec 31, 2023