Meta Platforms Inc. (META)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 163,811,000 | 134,090,000 | 116,352,000 | 117,774,000 | 85,822,000 |
| Total assets | US$ in thousands | 276,054,000 | 229,623,000 | 185,727,000 | 165,987,000 | 159,316,000 |
| Total asset turnover | 0.59 | 0.58 | 0.63 | 0.71 | 0.54 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $163,811,000K ÷ $276,054,000K
= 0.59
The total asset turnover ratio for Meta Platforms Inc. has exhibited a fluctuating trend over the past five years. Starting at 0.54 in December 31, 2020, it increased to 0.71 by December 31, 2021, indicating that the company generated $0.71 in revenue for every dollar of total assets during that period. However, there was a slight decline in the ratio to 0.63 by December 31, 2022, followed by a further decrease to 0.58 by December 31, 2023, suggesting a less efficient utilization of assets to generate revenue.
In the most recent period, as of December 31, 2024, the total asset turnover ratio improved slightly to 0.59. This indicates that the company generated $0.59 in revenue for every dollar of total assets, showing a slight recovery in asset utilization efficiency.
Overall, the fluctuations in Meta Platforms Inc.'s total asset turnover ratio suggest varying levels of efficiency in utilizing its assets to generate revenue over the years, with a recent modest improvement after a period of decline. Further analysis of the company's operations and financial performance may be necessary to determine the underlying factors driving these changes.
Peer comparison
Dec 31, 2024