Masco Corporation (MAS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,748,000 | 7,861,000 | 8,568,000 | 7,915,000 | 7,636,000 |
| Total assets | US$ in thousands | 5,016,000 | 5,363,000 | 5,187,000 | 5,575,000 | 5,777,000 |
| Total asset turnover | 1.54 | 1.47 | 1.65 | 1.42 | 1.32 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,748,000K ÷ $5,016,000K
= 1.54
The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue. For Masco Corporation, the trend in total asset turnover over the past five years shows a gradual overall improvement.
In December 2020, the total asset turnover was 1.32, indicating that for every dollar of total assets, the company generated $1.32 in revenue. By December 2021, the ratio had increased to 1.42, suggesting an improvement in asset utilization efficiency.
The company continued to enhance its asset turnover performance as of December 2022, reaching a ratio of 1.65. This significant increase indicates an even better utilization of assets to generate revenue.
However, in December 2023, the total asset turnover ratio slightly declined to 1.47, indicating a dip in asset efficiency compared to the previous year. Despite this decrease, the ratio remained relatively healthy, showing that Masco Corporation continued to generate revenue efficiently relative to its asset base.
By December 2024, the total asset turnover ratio improved again to 1.54, indicating a rebound from the previous year's dip. Overall, Masco Corporation has shown a positive trend in asset turnover efficiency over the past five years, with a focus on optimizing asset utilization to drive revenue growth.
Peer comparison
Dec 31, 2024