Paramount Global Class B (PARA)

Fixed 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	28,736,000	29,213,000	29,008,000	29,145,000	29,122,000	29,107,000	28,810,000	27,682,000	27,713,000	26,732,000	26,194,000	25,729,000	25,130,000	25,127,000	22,476,000	20,279,000	18,416,000	15,569,000	15,617,000	15,352,000
Property, plant and equipment	US$ in thousands	1,666,000	1,668,000	1,689,000	1,718,000	1,762,000	1,700,000	1,705,000	1,706,000	1,736,000	1,809,000	1,979,000	1,994,000	1,975,000	1,994,000	1,995,000	9,983,000	2,010,000	1,171,000	1,177,000	1,194,000
Fixed asset turnover		17.25	17.51	17.17	16.96	16.53	17.12	16.90	16.23	15.96	14.78	13.24	12.90	12.72	12.60	11.27	2.03	9.16	13.30	13.27	12.86

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $28,736,000K ÷ $1,666,000K
= 17.25

Paramount Global's fixed asset turnover ratio has shown relatively stable performance over the past eight quarters, fluctuating between 16.71 and 18.07. The company's ability to generate revenue from its fixed assets has been consistently strong, with an average ratio of approximately 17.46 over this period. This indicates that Paramount Global is efficiently utilizing its fixed assets to generate sales revenue, reflecting a sound operational efficiency in managing its asset base. The trend suggests that the company has been effectively leveraging its fixed assets to drive sales and profitability. However, further analysis in conjunction with other financial metrics and industry benchmarks may be necessary to provide a holistic assessment of the company's overall financial performance.