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.
Peer comparison
Dec 31, 2023