T-Mobile US Inc (TMUS)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 80,753,000 | 79,391,000 | 78,415,000 | 77,825,000 | 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 |
| Total assets | US$ in thousands | 208,035,000 | 210,742,000 | 208,557,000 | 206,268,000 | 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 |
| Total asset turnover | 0.39 | 0.38 | 0.38 | 0.38 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $80,753,000K ÷ $208,035,000K
= 0.39
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. For T-Mobile US Inc, the total asset turnover has shown a steady increase from 0.51 in March 2020 to 0.39 in December 2024. This improvement indicates that the company has been able to generate more revenue per dollar of assets over the years.
A total asset turnover ratio below 1 may suggest that the company is not effectively utilizing its assets to generate sales. In T-Mobile's case, the ratios have generally been below 1, indicating that there is room for further optimization in utilizing its assets to increase revenue.
It is important for investors and analysts to monitor the trend of the total asset turnover ratio over time to assess the company's operational efficiency and financial performance. Additionally, comparing T-Mobile's total asset turnover to industry benchmarks and competitors' ratios can provide further insights into the company's competitiveness and efficiency in utilizing its assets.