Telephone and Data Systems Inc (TDS)

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	5,160,000	5,205,000	5,319,000	5,401,000	5,413,000	5,428,000	5,364,000	5,326,000	5,329,000	5,333,000	5,329,000	5,281,000	5,224,000	5,184,000	5,181,000	5,179,000	5,175,000	5,171,000	5,147,000	5,141,000
Total assets	US$ in thousands	13,921,000	14,414,000	14,406,000	14,539,000	14,550,000	14,479,000	14,242,000	14,124,000	13,493,000	13,446,000	12,780,000	13,407,000	12,525,000	11,895,000	11,161,000	10,895,000	10,781,000	10,881,000	10,795,000	10,787,000
Total asset turnover		0.37	0.36	0.37	0.37	0.37	0.37	0.38	0.38	0.39	0.40	0.42	0.39	0.42	0.44	0.46	0.48	0.48	0.48	0.48	0.48

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,160,000K ÷ $13,921,000K
= 0.37

Telephone And Data Systems, Inc.'s total asset turnover ratio has remained relatively consistent over the past eight quarters, ranging from 0.36 to 0.38. This indicates that, on average, the company generates approximately $0.37 in revenue for every dollar of assets it holds. A total asset turnover ratio of less than 1 suggests that the company may have a slower turnover of assets, possibly due to large investments in fixed assets or slower sales. It would be beneficial for the company to analyze the reasons for the stability in this ratio and consider strategies to potentially improve asset utilization efficiency.