New York Times Company (NYT)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,447,250 | 2,383,240 | 2,123,020 | 1,783,640 | 1,812,180 |
| Total assets | US$ in thousands | 2,714,600 | 2,533,750 | 2,564,110 | 2,307,690 | 2,089,140 |
| Total asset turnover | 0.90 | 0.94 | 0.83 | 0.77 | 0.87 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,447,250K ÷ $2,714,600K
= 0.90
The total asset turnover ratio for New York Times Co. has shown some fluctuation over the past five years. The ratio indicates the company's ability to generate revenue in relation to its total assets.
In 2023, the total asset turnover was 0.89, which implies that the company generated $0.89 in revenue for every $1 of total assets. This represents a slight decrease from the previous year's ratio of 0.91.
The trend over the past five years indicates some variability in the company's efficiency in utilizing its assets to generate revenue. While the ratio was relatively stable between 2019 and 2022, there was a notable increase in 2023.
Overall, a total asset turnover ratio below 1 may suggest that the company may not be efficiently utilizing its assets to generate revenue. However, it is important to consider industry norms and benchmarks when evaluating the significance of this ratio in the context of the company's operations.
Peer comparison
Dec 31, 2023