Paramount Global Class B (PARA)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	29,213,000	28,867,000	29,269,000	30,072,000	29,652,000	30,145,000	29,928,000	30,091,000	30,154,000	30,023,000	29,717,000	28,502,000	28,586,000	26,811,000	26,317,000	26,028,000	25,285,000	35,601,000	32,780,000	30,314,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	2,932,000	1,689,000	1,718,000	1,762,000	15,449,000	3,249,000	14,180,000	13,358,000	12,564,000	3,419,000	10,755,000	10,363,000	9,365,000	9,728,000	9,983,000
Fixed asset turnover		—	—	—	—	—	10.28	17.72	17.52	17.11	1.94	9.15	2.01	2.14	2.13	7.70	2.42	2.44	3.80	3.37	3.04

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $29,213,000K ÷ $—K
= —

The fixed asset turnover ratio for Paramount Global Class B has exhibited significant fluctuations over the past few years. The ratio indicates how effectively the company is generating revenue from its fixed assets.

From March 31, 2020, to June 30, 2022, the fixed asset turnover ratio steadily increased from 3.04 to 9.15, which suggests that the company was utilizing its fixed assets more efficiently to generate sales during this period. This improvement in asset utilization could imply better operational performance and resource management.

However, starting from September 30, 2022, the fixed asset turnover ratio experienced a notable decrease, dropping to 1.94 by the end of that quarter. The ratio remained relatively low throughout the following quarters, implying a potential decline in the company's ability to generate revenue from its fixed assets efficiently.

The ratio then saw a sudden and significant spike, reaching 17.11 by December 31, 2022, and further increasing to 17.52 by March 31, 2023. These unusually high values could indicate a surge in sales relative to the value of fixed assets during these periods, possibly due to specific factors such as asset revaluation or one-time events.

Subsequently, the fixed asset turnover ratio remained high but relatively stable, ranging from 17.52 to 17.72 until June 30, 2023. This sustained level of asset turnover could suggest continued strong operational performance and effective utilization of fixed assets.

By September 30, 2023, the fixed asset turnover ratio decreased to 10.28, signaling a potential decrease in revenue generated per dollar of fixed assets. This decline may raise concerns about the company's operational efficiency and asset utilization compared to the previous periods.

Notably, the data indicates that there is no available information for the fixed asset turnover ratio beyond December 31, 2023. This lack of data for the subsequent periods prevents a comprehensive assessment of the company's asset utilization efficiency and revenue generation from fixed assets for the future quarters.

In conclusion, the fixed asset turnover ratio for Paramount Global Class B has exhibited fluctuating trends, indicating varying levels of asset efficiency and revenue generation over the analyzed period. Continued monitoring of this ratio in future reporting periods would be essential to assess the company's performance in effectively utilizing its fixed assets.