Paramount Global Class B (PARA)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 28,736,000 | 29,122,000 | 27,728,000 | 24,250,000 | 27,013,000 |
| Total assets | US$ in thousands | 53,543,000 | 58,393,000 | 58,620,000 | 52,663,000 | 49,585,000 |
| Total asset turnover | 0.54 | 0.50 | 0.47 | 0.46 | 0.54 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $28,736,000K ÷ $53,543,000K
= 0.54
The total asset turnover ratio for Paramount Global has shown some fluctuation over the past five years. From 2019 to 2020, the ratio increased from 0.56 to 0.48, indicating a decrease in the company's efficiency in generating sales from its assets. However, there was a slight improvement in 2021 with a ratio of 0.49. In 2022, the ratio further increased to 0.52, showing some positive momentum in asset utilization. Finally, in 2023, the total asset turnover ratio reached 0.55, suggesting that Paramount Global was able to generate more sales relative to its total assets compared to the previous years. Overall, the trend in total asset turnover indicates that the company has been gradually improving its efficiency in utilizing its assets to generate revenue over the past five years.
Peer comparison
Dec 31, 2023