Verizon Communications Inc (VZ)

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	133,974,000	134,095,000	135,000,000	136,193,000	136,835,000	135,651,000	134,325,000	134,300,000	133,613,000	134,238,000	132,866,000	129,549,000	128,292,000	128,375,000	129,726,000	131,350,000	131,868,000	131,374,000	131,087,000	131,219,000
Total assets	US$ in thousands	380,255,000	384,830,000	379,955,000	377,716,000	379,680,000	375,090,000	370,147,000	365,716,000	366,596,000	353,457,000	349,190,000	345,573,000	316,481,000	296,994,000	293,259,000	294,500,000	291,727,000	284,875,000	283,108,000	283,947,000
Total asset turnover		0.35	0.35	0.36	0.36	0.36	0.36	0.36	0.37	0.36	0.38	0.38	0.37	0.41	0.43	0.44	0.45	0.45	0.46	0.46	0.46

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $133,974,000K ÷ $380,255,000K
= 0.35

Verizon Communications Inc's total asset turnover has remained relatively stable over the last eight quarters, ranging between 0.35 and 0.37. This ratio indicates that for every dollar of assets the company possesses, it generates between $0.35 and $0.37 in revenue. A consistent total asset turnover suggests that Verizon is effectively utilizing its assets to generate sales. However, it is important to consider other factors such as industry benchmarks and changes in asset efficiency over time to gain a more complete understanding of the company's operational performance.