McDonald’s Corporation (MCD)

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	25,920,000	25,938,200	25,757,200	25,765,200	25,494,200	25,014,500	24,194,600	23,415,000	23,182,600	23,265,200	23,594,400	23,763,900	23,222,900	22,527,600	21,744,400	19,618,000	19,207,800	19,243,000	19,327,200	20,975,500
Total assets	US$ in thousands	55,182,000	56,172,000	53,801,000	53,513,000	56,147,000	52,089,300	50,442,000	52,014,400	50,435,600	48,501,600	49,247,800	50,877,700	53,854,300	52,727,000	51,893,100	51,103,100	52,626,800	50,699,300	49,938,900	50,568,000
Total asset turnover		0.47	0.46	0.48	0.48	0.45	0.48	0.48	0.45	0.46	0.48	0.48	0.47	0.43	0.43	0.42	0.38	0.36	0.38	0.39	0.41

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $25,920,000K ÷ $55,182,000K
= 0.47

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It indicates how efficiently the company is utilizing its assets to generate sales.

Analyzing McDonald’s Corporation's total asset turnover based on the provided data shows fluctuations in the ratio over the years. The ratio started at 0.41 in March 2020 and experienced a slight decline to 0.39 by June 2020. It continued to decrease, reaching 0.36 by December 2020.

However, McDonald’s saw an improvement in its total asset turnover from March 2021 onwards, with the ratio increasing to 0.48 by June 2022. The ratio remained relatively stable around 0.48 until September 2023, with a slight drop to 0.45 by December 2023.

In the latest available data, the total asset turnover for McDonald’s stood at 0.47 in December 2024. Overall, the fluctuating trend in the total asset turnover ratio suggests variations in the company's efficiency in generating sales from its total assets during the specified period.