AT&T Inc (T)
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 | 122,428,000 | 121,749,000 | 121,442,000 | 121,168,000 | 120,741,000 | 120,493,000 | 121,776,000 | 127,873,000 | 134,038,000 | 119,924,000 | 130,938,000 | 136,148,000 | 143,050,000 | 172,890,000 | 175,138,000 | 179,145,000 | 181,193,000 | 182,365,000 | 183,516,000 | 177,545,000 |
| Total assets | US$ in thousands | 407,060,000 | 406,698,000 | 408,453,000 | 400,873,000 | 402,853,000 | 426,463,000 | 426,433,000 | 577,195,000 | 551,622,000 | 547,107,000 | 544,710,000 | 546,985,000 | 525,761,000 | 538,553,000 | 547,898,000 | 545,354,000 | 551,669,000 | 548,796,000 | 546,914,000 | 548,384,000 |
| Total asset turnover | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.28 | 0.29 | 0.22 | 0.24 | 0.22 | 0.24 | 0.25 | 0.27 | 0.32 | 0.32 | 0.33 | 0.33 | 0.33 | 0.34 | 0.32 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $122,428,000K ÷ $407,060,000K
= 0.30
The total asset turnover ratio measures the efficiency with which a company is generating revenue from its total assets. For AT&T, Inc., the total asset turnover ratio has shown some variability over the past eight quarters. The ratio ranged from a low of 0.28 to a high of 0.35 during this period.
In Q4 2023, the total asset turnover was 0.30, indicating that for every dollar of total assets, AT&T generated $0.30 in revenue. This suggests a moderate level of efficiency in asset utilization. The ratio remained relatively consistent at 0.28 in Q3, Q2, and Q1 of 2023, indicating a steady performance in generating revenue from assets during these quarters.
Comparing the current ratio to previous quarters, we observe a decline from the peak of 0.35 in Q2 2022 to the recent levels. This suggests a potential decrease in revenue generation per dollar of assets over time. However, it is important to note that a single ratio may not provide a complete picture, and additional analysis of AT&T's financial performance and operations would be needed to fully interpret the implications of the total asset turnover ratio fluctuations.
Peer comparison
Dec 31, 2023