Mattel Inc (MAT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,379,550 | 5,441,200 | 5,434,700 | 5,457,700 | 4,583,700 |
| Total assets | US$ in thousands | 6,544,080 | 6,435,820 | 6,177,700 | 6,393,900 | 5,521,100 |
| Total asset turnover | 0.82 | 0.85 | 0.88 | 0.85 | 0.83 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,379,550K ÷ $6,544,080K
= 0.82
The total asset turnover ratio for Mattel Inc has shown a fluctuating trend over the past five years, ranging from 0.82 to 0.88. This ratio measures the company's efficiency in generating sales from its total assets, with a higher ratio indicating better asset utilization. Despite some variability, the general trend suggests a slight improvement in asset turnover from 0.83 in 2020 to 0.85 in 2024. This indicates that Mattel Inc has been more effective in generating revenue relative to its total assets in recent years, which could be due to improved operational efficiency or strategic asset management. However, the ratio seems to have decreased slightly in 2024 compared to the previous year, which may warrant further investigation into the company's asset management strategies to sustain or improve efficiency in the future.