New York Times Company (NYT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,585,920 | 2,426,150 | 2,308,320 | 2,074,880 | 1,783,640 |
| Total assets | US$ in thousands | 2,841,480 | 2,714,600 | 2,533,750 | 2,564,110 | 2,307,690 |
| Total asset turnover | 0.91 | 0.89 | 0.91 | 0.81 | 0.77 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,585,920K ÷ $2,841,480K
= 0.91
The total asset turnover ratios for New York Times Company over the past five years show a positive trend, increasing from 0.77 in December 31, 2020, to 0.91 in December 31, 2022 and remaining stable at 0.91 in December 31, 2024. This indicates that the company is generating more revenue from its assets over time.
A total asset turnover ratio of less than 1 suggests that the company is not efficiently utilizing its assets to generate revenue. However, as the ratio has been consistently rising, it indicates an improvement in asset utilization efficiency.
It is essential for New York Times Company to continue monitoring and enhancing its asset turnover ratio to ensure optimal utilization of resources and maximize revenue generation.
Peer comparison
Dec 31, 2024