Lumen Technologies Inc (LUMN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,108,000 | 14,557,000 | 17,478,000 | 19,687,000 | 20,712,000 |
| Total assets | US$ in thousands | 33,496,000 | 34,018,000 | 45,581,000 | 57,993,000 | 59,394,000 |
| Total asset turnover | 0.39 | 0.43 | 0.38 | 0.34 | 0.35 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,108,000K ÷ $33,496,000K
= 0.39
Lumen Technologies Inc's total asset turnover ratio has been relatively stable over the past five years, ranging from 0.34 to 0.43. The total asset turnover ratio measures how efficiently the company generates revenue from its total assets.
Based on the data provided:
- In December 31, 2020, the total asset turnover ratio was 0.35, indicating that the company generated $0.35 in revenue for every dollar of total assets.
- This ratio decreased slightly to 0.34 by December 31, 2021, suggesting a slight decline in revenue generation efficiency from its total assets.
- However, there was an improvement in the total asset turnover ratio in the following years, reaching 0.38 in December 31, 2022, 0.43 in December 31, 2023, and then dropping back to 0.39 in December 31, 2024.
Overall, the trend in Lumen Technologies Inc's total asset turnover ratio indicates some fluctuations, but generally shows an increasing trend over the period, implying that the company has been more effective in utilizing its total assets to generate revenue, with a peak in 2023. However, the decrease in 2024 suggests a potential slowdown in this efficiency. Further analysis would be needed to determine the specific factors driving these changes in total asset turnover.
Peer comparison
Dec 31, 2024