Masco Corporation (MAS)
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 | 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 | 7,648,000 | 8,050,000 | 8,210,000 | 8,228,000 |
| Total assets | US$ in thousands | 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 | 5,027,000 | 5,520,000 | 5,653,000 | 5,602,000 |
| Total asset turnover | 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 | 1.52 | 1.46 | 1.45 | 1.47 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,861,000K ÷ $5,363,000K
= 1.47
Masco Corp.'s total asset turnover has shown fluctuations over the past eight quarters, ranging from a low of 1.48 in Q4 2023 to a high of 1.67 in Q4 2022. The general trend indicates a gradual decline in total asset turnover from the previous year, with some minor fluctuations in between. Despite the variations, the company has managed to efficiently utilize its assets to generate revenue, as evidenced by consistently positive total asset turnover values above 1.0. The recent figures suggest that Masco Corp. may be experiencing challenges in enhancing asset productivity compared to the previous year, signifying the need for a closer examination of operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2023