Meta Platforms Inc. (META)
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 | 163,810,000 | 155,720,000 | 149,140,000 | 141,953,000 | 134,089,000 | 126,404,000 | 120,105,000 | 117,039,000 | 116,352,000 | 117,959,000 | 119,255,000 | 119,510,000 | 117,773,000 | 112,186,000 | 104,646,000 | 94,256,000 | 85,823,000 | 78,849,000 | 75,031,000 | 73,231,000 |
| Total assets | US$ in thousands | 276,054,000 | 256,408,000 | 230,238,000 | 222,844,000 | 229,623,000 | 216,274,000 | 206,688,000 | 184,491,000 | 185,727,000 | 178,894,000 | 169,779,000 | 164,218,000 | 165,987,000 | 169,585,000 | 170,609,000 | 163,523,000 | 159,316,000 | 146,437,000 | 139,691,000 | 138,371,000 |
| Total asset turnover | 0.59 | 0.61 | 0.65 | 0.64 | 0.58 | 0.58 | 0.58 | 0.63 | 0.63 | 0.66 | 0.70 | 0.73 | 0.71 | 0.66 | 0.61 | 0.58 | 0.54 | 0.54 | 0.54 | 0.53 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $163,810,000K ÷ $276,054,000K
= 0.59
Total asset turnover is a key efficiency ratio that measures how well a company utilizes its assets to generate revenue. For Meta Platforms Inc., the total asset turnover has shown a fluctuating trend over the analyzed period. Starting at 0.53 in March 2020, the ratio gradually increased to reach a peak of 0.73 in March 2022, indicating that the company was able to generate more revenue for each dollar of assets during that period.
However, from June 2022 onwards, the total asset turnover ratio started to decrease, dropping to 0.58 in March 2023 and remaining relatively stable around that level until the end of December 2024. This decline may suggest that Meta Platforms Inc. became less efficient in utilizing its assets to generate sales in the latter part of the analyzed period.
Overall, while there were fluctuations in the total asset turnover ratio for Meta Platforms Inc., it is essential for investors and analysts to closely monitor this metric to assess the company's efficiency in utilizing its assets for revenue generation.
Peer comparison
Dec 31, 2024