Verizon Communications Inc (VZ)

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	134,788,000	134,237,000	134,243,000	134,043,000	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
Total assets	US$ in thousands	384,711,000	381,164,000	379,146,000	380,158,000	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
Total asset turnover		0.35	0.35	0.35	0.35	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $134,788,000K ÷ $384,711,000K
= 0.35

Verizon Communications Inc's total asset turnover has exhibited a declining trend over the specified period, starting at 0.45 in March 2020 and decreasing to 0.35 by December 2024. This indicates that the company generated $0.45 in revenue for every dollar of assets in March 2020, which has gradually decreased over time. A total asset turnover ratio of less than 1 suggests that Verizon is not efficiently utilizing its assets to generate sales. It is essential for the company to closely monitor and improve this ratio to enhance its operational efficiency and profitability.