Match Group Inc (MTCH)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,364,500 | 3,188,840 | 2,983,280 | 2,391,270 | 2,051,260 |
| Total assets | US$ in thousands | 4,507,890 | 4,182,760 | 5,063,290 | 3,046,450 | 8,364,800 |
| Total asset turnover | 0.75 | 0.76 | 0.59 | 0.78 | 0.25 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,364,500K ÷ $4,507,890K
= 0.75
The total asset turnover ratio for Match Group Inc. has fluctuated over the past five years. In 2023, the total asset turnover ratio stood at 0.75, which indicates that the company generated $0.75 in revenue for every $1 of total assets. This represents a slight decrease compared to 2022 when the ratio was 0.76.
The declining trend in total asset turnover from 2021 to 2023, where the ratio decreased from 0.59 to 0.75, suggests that Match Group Inc. may have been less efficient in utilizing its assets to generate revenue during this period. However, it is worth noting that the ratio improved from 2020 to 2022 before declining again in 2023.
Overall, while the total asset turnover ratio for Match Group Inc. has varied in recent years, further analysis of the company's operations and financial performance is recommended to understand the factors contributing to these fluctuations and to assess the company's asset utilization efficiency.
Peer comparison
Dec 31, 2023