Netflix Inc (NFLX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 39,001,000 | 33,723,300 | 31,615,600 | 29,697,800 | 24,996,100 |
| Total assets | US$ in thousands | 53,630,400 | 48,732,000 | 48,594,800 | 44,584,700 | 39,280,400 |
| Total asset turnover | 0.73 | 0.69 | 0.65 | 0.67 | 0.64 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $39,001,000K ÷ $53,630,400K
= 0.73
Netflix Inc's total asset turnover has shown a slight improvement over the past five years, increasing from 0.64 in December 2020 to 0.73 in December 2024. This indicates that the company has become more efficient in generating revenue from its assets. The upward trend in total asset turnover suggests that Netflix is utilizing its assets more effectively to generate sales. However, it is important to continue monitoring this ratio to ensure the company maintains optimal asset utilization in the future.