Paramount Global Class B (PARA)

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	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
Total assets	US$ in thousands	53,543,000	54,640,000	55,361,000	56,561,000	58,393,000	57,287,000	56,961,000	58,043,000	58,620,000	55,912,000	55,204,000	54,773,000	52,663,000	51,425,000	51,188,000	49,045,000	49,585,000	24,476,000	23,835,000	24,075,000
Total asset turnover		0.54	0.53	0.52	0.52	0.50	0.51	0.51	0.48	0.47	0.48	0.47	0.47	0.48	0.49	0.44	0.41	0.37	0.64	0.66	0.64

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $28,736,000K ÷ $53,543,000K
= 0.54

Paramount Global's total asset turnover ratio has been relatively stable over the past few quarters, ranging between 0.49 and 0.55. The total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets.

A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate revenue. In Paramount Global's case, the ratio has been consistently in the range of 0.52 to 0.55, suggesting that the company has been able to effectively generate sales from its asset base.

However, it is worth noting that the ratio has not shown significant improvement over the quarters analyzed. This may indicate that Paramount Global's asset utilization efficiency has plateaued and the company may need to explore strategies to further enhance its efficiency in generating sales from its assets.