T-Mobile US Inc (TMUS)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 77,477,000 | 78,416,000 | 75,841,000 | 64,173,000 | 42,982,000 |
| Total assets | US$ in thousands | 207,682,000 | 211,338,000 | 206,563,000 | 200,162,000 | 86,921,000 |
| Total asset turnover | 0.37 | 0.37 | 0.37 | 0.32 | 0.49 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $77,477,000K ÷ $207,682,000K
= 0.37
The total asset turnover for T-Mobile US Inc has shown a fluctuating trend over the past five years. In 2023 and 2022, the total asset turnover ratio remained stable at 0.38. This indicates that for every dollar of total assets, the company generated $0.38 in revenue.
In 2021, the total asset turnover ratio increased slightly to 0.39, suggesting a more efficient utilization of assets to generate revenue compared to the previous year. However, in 2020, the ratio decreased to 0.34, indicating a decrease in the efficiency of asset utilization for generating revenue.
The most significant change occurred in 2019, where the total asset turnover ratio spiked to 0.52, indicating a significant improvement in asset efficiency in generating revenue. This could be attributed to better operational efficiency, improved business processes, or increased sales.
Overall, the trend in total asset turnover for T-Mobile US Inc shows some variability, with fluctuations in asset efficiency in revenue generation over the past five years. Further analysis would be needed to understand the factors driving these changes and their impact on the company's overall financial performance.