Paramount Global Class B (PARA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 29,213,000 | 29,652,000 | 30,154,000 | 28,586,000 | 25,285,000 |
| Total assets | US$ in thousands | 46,172,000 | 53,543,000 | 58,393,000 | 58,620,000 | 52,663,000 |
| Total asset turnover | 0.63 | 0.55 | 0.52 | 0.49 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $29,213,000K ÷ $46,172,000K
= 0.63
Paramount Global Class B's total asset turnover has been showing a positive trend over the past five years. It increased from 0.48 in December 2020 to 0.63 in December 2024. This indicates that the company is generating more revenue relative to its total assets, which is a positive sign of efficiency in asset utilization. The steady improvement in total asset turnover suggests that Paramount Global Class B has been effectively managing its assets to generate sales, potentially increasing its overall profitability. This trend demonstrates the company's ability to generate more revenue from each dollar of assets invested, reflecting operational efficiency and effective resource management.
Peer comparison
Dec 31, 2024