Masco Corporation (MAS)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,723,000 | 7,839,000 | 7,802,000 | 7,809,000 | 7,861,000 | 7,896,000 | 8,121,000 | 8,341,000 | 8,568,000 | 8,318,000 | 8,321,000 | 8,159,000 | 7,747,000 | 7,958,000 | 7,728,000 | 7,303,000 | 7,072,000 | 6,851,000 | 6,811,000 | 7,316,000 |
| Total assets | US$ in thousands | 5,016,000 | 5,296,000 | 5,365,000 | 5,336,000 | 5,363,000 | 5,371,000 | 5,308,000 | 5,430,000 | 5,187,000 | 5,417,000 | 5,467,000 | 5,568,000 | 5,575,000 | 5,595,000 | 5,423,000 | 5,574,000 | 5,777,000 | 5,575,000 | 5,302,000 | 4,840,000 |
| Total asset turnover | 1.54 | 1.48 | 1.45 | 1.46 | 1.47 | 1.47 | 1.53 | 1.54 | 1.65 | 1.54 | 1.52 | 1.47 | 1.39 | 1.42 | 1.43 | 1.31 | 1.22 | 1.23 | 1.28 | 1.51 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,723,000K ÷ $5,016,000K
= 1.54
The total asset turnover of Masco Corporation has shown fluctuation over the periods in question. From March 31, 2020, to December 31, 2024, the total asset turnover ratio ranged from a low of 1.22 to a high of 1.65. The ratio indicates how efficiently the company is utilizing its assets to generate revenue.
Generally, a higher total asset turnover ratio is preferred as it signifies that the company is generating more sales revenue for each dollar invested in assets. In this case, Masco Corporation experienced an upward trend in total asset turnover from 2020 to 2022, reaching a peak of 1.65 at the end of December 2022. This improvement suggests that the company was effectively utilizing its assets to drive sales during this period.
However, starting from March 31, 2023, the total asset turnover ratio began to decline, falling to 1.45 by June 30, 2024. This decrease may indicate potential inefficiencies in asset utilization or a slowdown in revenue generation relative to the assets employed. It would be advisable for stakeholders to closely monitor Masco Corporation's asset management strategies and revenue generation capabilities to ensure sustainable growth and profitability.
Peer comparison
Dec 31, 2024