Masco Corporation (MAS)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,861,000 | 8,568,000 | 7,915,000 | 7,636,000 | 6,846,000 |
| Total assets | US$ in thousands | 5,363,000 | 5,187,000 | 5,575,000 | 5,777,000 | 5,027,000 |
| Total asset turnover | 1.47 | 1.65 | 1.42 | 1.32 | 1.36 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,861,000K ÷ $5,363,000K
= 1.47
Masco Corp.'s total asset turnover has exhibited fluctuations over the past five years. The ratio measures the efficiency of the company in generating sales revenue from its total assets.
In 2023, Masco Corp. achieved a total asset turnover of 1.48, indicating that for every dollar of total assets, the company generated $1.48 in sales revenue. This reflects a decrease from the previous year's ratio of 1.67. The decline suggests a slightly lower efficiency in asset utilization to generate revenue compared to the prior period.
Comparing the 2023 ratio to earlier years, Masco Corp.'s asset turnover was higher in 2022 at 1.67 and 2021 at 1.50. This likely indicates more effective utilization of assets to generate sales in those periods. In contrast, the ratios were lower in 2020 at 1.24 and 2019 at 1.33, suggesting relatively lower efficiency during those years.
Overall, Masco Corp.'s total asset turnover has shown varying levels of efficiency in converting total assets into sales revenue over the past five years. The company may need to further assess its asset management strategies to improve performance in this aspect.
Peer comparison
Dec 31, 2023