Match Group Inc (MTCH)
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 | 3,364,504 | 3,284,429 | 3,212,375 | 3,177,336 | 3,188,843 | 3,208,760 | 3,201,049 | 3,114,296 | 2,983,277 | 2,828,614 | 2,666,549 | 2,514,239 | 2,391,269 | 2,287,029 | 2,188,752 | 2,131,275 | 2,051,258 | 2,621,291 | 3,158,978 | 3,730,045 |
| Total assets | US$ in thousands | 4,507,890 | 4,248,900 | 4,339,030 | 4,203,910 | 4,182,760 | 3,914,550 | 4,193,780 | 5,043,390 | 5,063,290 | 4,893,630 | 4,433,930 | 3,214,670 | 3,046,450 | 2,670,090 | 2,334,730 | 8,434,750 | 8,364,800 | 8,304,790 | 8,299,100 | 7,159,900 |
| Total asset turnover | 0.75 | 0.77 | 0.74 | 0.76 | 0.76 | 0.82 | 0.76 | 0.62 | 0.59 | 0.58 | 0.60 | 0.78 | 0.78 | 0.86 | 0.94 | 0.25 | 0.25 | 0.32 | 0.38 | 0.52 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,364,504K ÷ $4,507,890K
= 0.75
The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue. A higher ratio indicates better asset utilization. Match Group Inc.'s total asset turnover has ranged between 0.62 and 0.82 over the past eight quarters, with a recent trend of moderate fluctuations around the 0.75 to 0.77 range.
The average total asset turnover for Match Group Inc. over this period appears to be around 0.75. This suggests that, on average, the company generates $0.75 in revenue for every dollar of assets it holds.
While the fluctuations in the total asset turnover ratio indicate variations in asset efficiency, the overall stability around the 0.75 level suggests that Match Group Inc. has been relatively consistent in utilizing its assets to generate revenue.
Further analysis could involve comparing this ratio with industry benchmarks or with the company's historical performance to gain more insights into Match Group Inc.'s asset management efficiency.
Peer comparison
Dec 31, 2023