T-Mobile US Inc (TMUS)
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 | 77,918,000 | 77,735,000 | 77,992,000 | 78,482,000 | 78,966,000 | 78,661,000 | 77,903,000 | 77,244,000 | 76,018,000 | 76,693,000 | 76,235,000 | 73,752,000 | 65,682,000 | 57,219,000 | 49,869,000 | 44,117,000 | 44,360,000 | 43,927,000 | 43,695,000 | 43,488,000 |
| Total assets | US$ in thousands | 207,682,000 | 208,579,000 | 210,602,000 | 210,173,000 | 211,338,000 | 213,499,000 | 209,463,000 | 210,653,000 | 206,563,000 | 202,125,000 | 204,124,000 | 203,332,000 | 200,162,000 | 192,443,000 | 187,199,000 | 87,226,000 | 86,921,000 | 86,109,000 | 84,788,000 | 83,073,000 |
| Total asset turnover | 0.38 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.38 | 0.37 | 0.36 | 0.33 | 0.30 | 0.27 | 0.51 | 0.51 | 0.51 | 0.52 | 0.52 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $77,918,000K ÷ $207,682,000K
= 0.38
The total asset turnover ratio for T-Mobile US Inc has remained relatively stable at around 0.38 throughout the last eight quarters. This indicates that the company generates $0.38 of revenue for every dollar of assets it holds. A total asset turnover ratio of 0.38 suggests that T-Mobile is efficiently utilizing its assets to generate revenue. However, a stable ratio over time may also indicate that the company's revenue generation capacity is not improving or deteriorating significantly. Further analysis of other financial metrics and industry benchmarks would be beneficial to provide a more comprehensive assessment of T-Mobile's overall asset utilization and efficiency.