AT&T Inc (T)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 122,428,000 | 120,741,000 | 134,038,000 | 143,050,000 | 181,193,000 |
| Total assets | US$ in thousands | 407,060,000 | 402,853,000 | 551,622,000 | 525,761,000 | 551,669,000 |
| Total asset turnover | 0.30 | 0.30 | 0.24 | 0.27 | 0.33 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $122,428,000K ÷ $407,060,000K
= 0.30
AT&T, Inc.'s total asset turnover has been relatively stable over the past five years, ranging from 0.30 to 0.33. This ratio indicates that, on average, the company generates $0.30 to $0.33 of revenue for every dollar of total assets held during the respective years. A total asset turnover below 1 suggests that AT&T is not efficiently utilizing its assets to generate sales. The slight decline from 0.33 in 2019 to 0.30 in 2023 may indicate a decrease in the company's efficiency in generating revenue from its assets. Further analysis would be needed to determine the specific factors contributing to this trend and whether operational improvements are necessary to enhance asset utilization.
Peer comparison
Dec 31, 2023