Mattel Inc (MAT)
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 | 5,304,061 | 5,051,601 | 4,877,681 | 5,012,191 | 5,229,410 | 5,657,040 | 5,646,910 | 5,452,890 | 5,094,018 | 4,905,228 | 4,774,438 | 4,465,397 | 4,366,480 | 4,271,190 | 4,130,860 | 4,267,729 | 4,360,098 | 4,410,678 | 4,359,988 | 4,329,823 |
| Total assets | US$ in thousands | 6,435,820 | 6,244,550 | 5,897,840 | 5,831,740 | 6,177,660 | 6,468,180 | 6,167,730 | 6,147,370 | 6,393,890 | 6,263,040 | 5,241,060 | 5,118,950 | 5,534,890 | 5,613,490 | 4,998,700 | 4,804,350 | 5,325,230 | 5,527,580 | 5,046,630 | 5,082,370 |
| Total asset turnover | 0.82 | 0.81 | 0.83 | 0.86 | 0.85 | 0.87 | 0.92 | 0.89 | 0.80 | 0.78 | 0.91 | 0.87 | 0.79 | 0.76 | 0.83 | 0.89 | 0.82 | 0.80 | 0.86 | 0.85 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,304,061K ÷ $6,435,820K
= 0.82
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets efficiently. A higher total asset turnover indicates that a company is utilizing its assets effectively to generate revenue.
Based on the data provided, Mattel Inc's total asset turnover has fluctuated over the past several periods, ranging from 0.76 to 0.92. The trend seems to show some inconsistency in the efficiency of utilizing assets to generate sales. However, the company has generally remained within a reasonable range, suggesting a moderate level of asset efficiency.
It is important for Mattel Inc to closely monitor its total asset turnover over time and compare it to industry benchmarks to assess its performance in managing assets effectively to generate revenue. Further analysis of the company's operations and strategies may be needed to understand the factors contributing to fluctuations in total asset turnover.