Meta Platforms Inc. (META)
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 | 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 | 70,574,000 | 66,300,000 | 62,379,000 | 58,727,000 |
| Total assets | US$ in thousands | 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 | 133,376,000 | 124,418,000 | 117,006,000 | 109,477,000 |
| Total asset turnover | 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 | 0.53 | 0.53 | 0.53 | 0.54 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $134,089,000K ÷ $229,623,000K
= 0.58
Meta Platforms Inc's total asset turnover has shown a decreasing trend over the past eight quarters, starting at 0.73 in Q1 2022 and reaching a low of 0.58 in Q2 2023. This ratio measures the company's ability to generate revenue from its total assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate sales.
The decreasing trend in total asset turnover could indicate a decline in the company's efficiency in generating revenue from its assets over time. This may be a concern for investors and stakeholders as it suggests that Meta Platforms Inc may not be utilizing its assets as effectively as in previous periods. Further analysis and investigation into the company's operations and asset management strategies may be necessary to address this trend.
Peer comparison
Dec 31, 2023