Interpublic Group of Companies Inc (IPG)
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 | 10,889,300 | 10,851,900 | 10,811,100 | 10,880,300 | 10,927,800 | 10,874,000 | 10,778,300 | 10,552,200 | 10,240,700 | 9,858,600 | 9,442,100 | 8,958,200 | 9,061,000 | 9,412,800 | 9,725,400 | 10,219,900 | 10,221,300 | 10,175,500 | 10,034,900 | 9,906,500 |
| Total assets | US$ in thousands | 19,267,300 | 17,027,300 | 17,110,000 | 16,664,100 | 18,811,700 | 16,875,200 | 17,249,200 | 17,880,900 | 19,909,200 | 17,805,300 | 17,321,700 | 16,349,700 | 18,042,700 | 16,074,700 | 14,896,900 | 16,428,900 | 17,751,900 | 15,997,600 | 16,526,900 | 16,050,000 |
| Total asset turnover | 0.57 | 0.64 | 0.63 | 0.65 | 0.58 | 0.64 | 0.62 | 0.59 | 0.51 | 0.55 | 0.55 | 0.55 | 0.50 | 0.59 | 0.65 | 0.62 | 0.58 | 0.64 | 0.61 | 0.62 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,889,300K ÷ $19,267,300K
= 0.57
Interpublic Group Of Cos., Inc. has shown fluctuations in its total asset turnover ratio over the past eight quarters. The total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets. A higher ratio indicates that the company is effectively using its assets to generate sales.
In Q1 and Q2 of 2022, the total asset turnover ratio was 0.59 and 0.62, respectively, showing a slight improvement over the previous quarters. However, in Q3 of 2022, the ratio increased to 0.64 before slightly dropping to 0.58 in Q4 of 2022.
In 2023, the total asset turnover ratio continued to vary. It started at 0.65 in Q1, decreased to 0.63 in Q2, increased to 0.64 in Q3, and dropped to 0.57 in Q4. This fluctuation suggests a changing level of efficiency in utilizing total assets to generate sales revenue.
Overall, while there have been fluctuations in Interpublic Group Of Cos., Inc.'s total asset turnover ratio, it is important for the company to focus on maintaining or improving this ratio to ensure efficient asset utilization and maximize sales generation capabilities.
Peer comparison
Dec 31, 2023