Lumen Technologies Inc (LUMN)

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	14,557,000	14,840,000	15,589,000	16,540,000	17,478,000	18,525,000	19,022,000	19,334,000	19,687,000	19,965,000	20,245,000	20,513,000	20,712,000	21,157,000	21,340,000	21,523,000	21,722,000	21,930,000	22,398,000	22,925,000
Total assets	US$ in thousands	34,018,000	35,921,000	36,168,000	45,530,000	45,612,000	54,817,000	57,675,000	58,037,000	57,993,000	58,308,000	58,947,000	58,828,000	59,394,000	62,599,000	64,171,000	64,056,000	64,742,000	64,728,000	64,508,000	64,788,000
Total asset turnover		0.43	0.41	0.43	0.36	0.38	0.34	0.33	0.33	0.34	0.34	0.34	0.35	0.35	0.34	0.33	0.34	0.34	0.34	0.35	0.35

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,557,000K ÷ $34,018,000K
= 0.43

Lumen Technologies Inc's total asset turnover has shown fluctuations over the past eight quarters, ranging from 0.33 to 0.43. The metric measures the efficiency of the company in generating revenue relative to its total assets. Higher total asset turnover ratios indicate that the company is utilizing its assets more effectively to generate revenue.

In Q4 2023, the total asset turnover ratio increased to 0.43, the highest in the given period, suggesting that the company was able to generate more revenue per dollar of assets compared to the previous quarters. This improvement could be attributed to effective asset utilization strategies or increased sales efficiency.

On the other hand, in Q1 2023, the total asset turnover ratio dropped to 0.36, indicating a decline in revenue generated per dollar of assets. This could imply inefficiencies in asset management or lower sales volume relative to the asset base during that quarter.

Overall, the fluctuations in Lumen Technologies Inc's total asset turnover ratio reflect varying levels of asset efficiency and revenue generation capabilities throughout the analyzed period. Further analysis of the company's operational and financial performance would be necessary to better understand the factors driving these trends.