Mattel Inc (MAT)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,304,060 | 5,229,410 | 5,085,750 | 4,366,490 | 4,303,160 |
| Total assets | US$ in thousands | 6,435,820 | 6,177,660 | 6,393,890 | 5,534,890 | 5,325,230 |
| Total asset turnover | 0.82 | 0.85 | 0.80 | 0.79 | 0.81 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,304,060K ÷ $6,435,820K
= 0.82
Mattel Inc's total asset turnover has fluctuated over the past five years, ranging from 0.79 to 0.85. The total asset turnover ratio measures the company's ability to generate revenue from its assets. A higher ratio indicates that the company is more efficient in using its assets to generate sales.
In 2023, the total asset turnover decreased to 0.82 from 0.85 in 2022, suggesting a slight decline in the company's efficiency in utilizing its assets to generate revenue. It is important for Mattel Inc to analyze the reasons behind this decrease and identify potential areas for improvement.
Compared to 2021 and 2020, the total asset turnover in 2023 remains relatively stable. However, the company's total asset turnover in 2023 is slightly higher than in 2019, indicating a modest improvement in asset utilization over the past five years.
Overall, while Mattel Inc's total asset turnover has fluctuated, it is essential for the company to continuously monitor and enhance its asset management strategies to improve efficiency and profitability in the future.