IAC Inc. (IAC)
Total asset turnover
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,210,640 | 4,365,230 | 4,553,650 | 4,743,210 | 4,994,200 | 5,235,270 | 5,148,260 | 4,771,428 | 4,238,395 | 3,699,625 | 3,114,950 | 2,976,428 | 2,873,086 | 2,768,435 | |||
| Total assets | US$ in thousands | 10,359,600 | 10,371,200 | 10,018,200 | 10,549,100 | 10,754,000 | 10,393,600 | 10,441,600 | 10,749,100 | 11,893,500 | 12,302,600 | 9,427,720 | 9,288,580 | 9,736,280 | 9,161,710 | 8,480,210 | 6,371,760 | 5,591,250 |
| Total asset turnover | 0.41 | 0.42 | 0.45 | 0.45 | 0.46 | 0.50 | 0.49 | 0.44 | 0.36 | 0.30 | 0.33 | 0.32 | 0.30 | 0.30 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,210,640K ÷ $10,359,600K
= 0.41
The total asset turnover ratio for IAC Inc. has been fluctuating over the past few quarters. The ratio measures the efficiency of the company in generating revenue from its total assets. A higher ratio indicates better asset utilization.
In the most recent quarter, the total asset turnover ratio was 0.41, which reflects a slight decrease compared to the previous quarter. This implies that the company generated $0.41 in revenue for every dollar of total assets in the first quarter of 2024.
Looking at the trend over the past few quarters, we observe that the ratio peaked at 0.50 in the fourth quarter of 2022 and has been gradually declining since then. This may suggest a potential decrease in the efficiency of asset utilization or a shift in the company's business activities.
It is important for IAC Inc. to closely monitor its total asset turnover ratio and analyze the underlying factors influencing the fluctuations to ensure optimal utilization of its assets and sustainable revenue generation.
Peer comparison
Mar 31, 2024