Paramount Global Class B (PARA)

Total 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
Total assets	US$ in thousands	46,172,000	46,250,000	45,890,000	52,027,000	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
Total asset turnover		0.63	0.62	0.64	0.58	0.55	0.55	0.54	0.53	0.52	0.52	0.52	0.49	0.49	0.48	0.48	0.48	0.48	0.69	0.64	0.62

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $29,213,000K ÷ $46,172,000K
= 0.63

The total asset turnover ratio for Paramount Global Class B has shown some variability over the periods indicated in the data. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher ratio generally suggests better asset utilization.

From March 2020 to September 2022, the total asset turnover ratio ranged between 0.48 and 0.69, showing some fluctuation. However, from September 2022 to December 2024, the ratio stabilized between 0.52 and 0.64, with a slight upward trend in the latter periods.

Overall, the total asset turnover ratio for Paramount Global Class B has improved from the initial 0.62 in March 2020 to 0.63 in December 2024. This increase indicates a more efficient use of assets to generate revenue over the time period covered in the data, reflecting positively on the company's asset management and operational performance.