Interpublic Group of Companies Inc (IPG)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,889,300 | 10,927,800 | 10,240,700 | 9,061,000 | 10,221,300 |
| Total assets | US$ in thousands | 19,267,300 | 18,811,700 | 19,909,200 | 18,042,700 | 17,751,900 |
| Total asset turnover | 0.57 | 0.58 | 0.51 | 0.50 | 0.58 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,889,300K ÷ $19,267,300K
= 0.57
Interpublic Group Of Cos., Inc.'s total asset turnover has fluctuated over the past five years. The company's total asset turnover ratio was 0.57 in 2023, slightly lower than the 0.58 reported in 2022. This implies that for every dollar of total assets held by the company in 2023, it generated $0.57 in revenue. In 2021 and 2020, the total asset turnover ratios were 0.51 and 0.50, respectively, indicating a lower level of revenue generated relative to the total assets held during those years. Notably, the ratio improved to 0.58 in 2019, suggesting better utilization of assets to generate revenue compared to the following years.
Overall, the trend in total asset turnover for Interpublic Group Of Cos., Inc. appears to have fluctuated over the period, indicating varying levels of efficiency in utilizing assets to generate revenue. Further analysis is warranted to understand the factors influencing these fluctuations and to assess the company's overall financial performance and asset utilization efficiency.
Peer comparison
Dec 31, 2023