New York Times Company (NYT)
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 | 2,447,254 | 2,433,332 | 2,378,510 | 2,374,424 | 2,349,012 | 2,289,467 | 2,293,080 | 2,202,166 | 2,138,222 | 2,037,156 | 1,911,179 | 1,814,559 | 1,783,639 | 1,782,644 | 1,784,250 | 1,816,758 | 1,812,184 | 1,820,004 | 1,804,823 | 1,783,125 |
| Total assets | US$ in thousands | 2,714,600 | 2,546,530 | 2,479,070 | 2,472,290 | 2,533,750 | 2,515,390 | 2,512,860 | 2,529,270 | 2,564,110 | 2,469,410 | 2,348,010 | 2,282,760 | 2,307,690 | 2,139,540 | 2,058,360 | 2,023,470 | 2,089,140 | 2,254,960 | 2,206,370 | 2,194,560 |
| Total asset turnover | 0.90 | 0.96 | 0.96 | 0.96 | 0.93 | 0.91 | 0.91 | 0.87 | 0.83 | 0.82 | 0.81 | 0.79 | 0.77 | 0.83 | 0.87 | 0.90 | 0.87 | 0.81 | 0.82 | 0.81 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,447,254K ÷ $2,714,600K
= 0.90
The total asset turnover ratio indicates how efficiently a company is using its assets to generate revenue. A higher ratio suggests that the company is generating more revenue per dollar of assets, indicating better asset utilization.
Analyzing New York Times Co.'s total asset turnover over the past eight quarters, we observe a fluctuating trend. The ratio ranged from 0.85 to 0.95 during this period, with Q3 2023 and Q2 2023 showing the highest ratios of 0.95, indicating an efficient use of assets to generate revenue during these quarters.
Overall, the company's total asset turnover has generally improved compared to the previous year, as seen by the increase from 0.87 in Q2 2022 to 0.95 in Q3 2023. This improvement suggests that New York Times Co. has become more effective in utilizing its assets to generate revenue, which could be a positive sign for investors and stakeholders. However, the slight decrease in Q4 2023 from the peak in Q3 2023 may warrant further monitoring to ensure consistent efficiency in asset utilization in upcoming quarters.
Peer comparison
Dec 31, 2023