Warner Bros Discovery Inc (WBD)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	38,893,000	34,837,000	12,787,000	10,974,000	11,510,000
Total assets	US$ in thousands	122,757,000	134,001,000	34,427,000	34,087,000	33,735,000
Total asset turnover		0.32	0.26	0.37	0.32	0.34

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $38,893,000K ÷ $122,757,000K
= 0.32

Warner Bros. Discovery Inc's total asset turnover has fluctuated over the past five years, ranging from a low of 0.25 in 2022 to a high of 0.35 in 2021. The total asset turnover ratio measures the company's efficiency in generating revenue from its total assets.

The average total asset turnover ratio over the period was approximately 0.32. This indicates that, on average, the company generated $0.32 in revenue for every $1 of assets it held.

A total asset turnover ratio below 1 may suggest that the company is not efficiently utilizing its assets to generate revenues. In this case, Warner Bros. Discovery Inc's ratios indicate that, on average, it is not leveraging its assets as effectively as it could to generate revenue.

Overall, the trend in Warner Bros. Discovery Inc's total asset turnover over the past five years suggests that the company may need to focus on improving its efficiency in utilizing its assets to drive revenue growth.