Verizon Communications Inc (VZ)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 134,788,000 | 133,974,000 | 136,835,000 | 133,613,000 | 128,292,000 |
| Total assets | US$ in thousands | 384,711,000 | 380,255,000 | 379,680,000 | 366,596,000 | 316,481,000 |
| Total asset turnover | 0.35 | 0.35 | 0.36 | 0.36 | 0.41 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $134,788,000K ÷ $384,711,000K
= 0.35
Verizon Communications Inc's total asset turnover has shown a declining trend over the past five years. The ratio decreased from 0.41 in December 2020 to 0.35 in December 2024. This indicates that the company generated $0.35 of sales for every dollar invested in total assets by the end of 2024. A decreasing total asset turnover may suggest that the company is becoming less efficient in generating sales from its assets over time. Further investigation is warranted to understand the factors contributing to this trend and evaluate the company's overall operating efficiency and asset utilization.
Peer comparison
Dec 31, 2024