Warner Bros Discovery Inc (WBD)

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	38,893,000	43,065,000	42,909,000	42,378,000	34,837,000	26,592,000	19,919,000	13,154,000	12,787,000	12,193,000	11,604,000	11,083,000	10,974,000	10,659,000	10,776,000	11,120,000	11,144,000	11,079,000	10,993,000	10,953,000
Total assets	US$ in thousands	122,757,000	123,749,000	128,618,000	130,584,000	134,001,000	136,049,000	142,240,000	33,799,000	34,427,000	34,318,000	34,572,000	33,625,000	34,087,000	33,438,000	33,089,000	33,390,000	33,735,000	32,825,000	33,845,000	32,444,000
Total asset turnover		0.32	0.35	0.33	0.32	0.26	0.20	0.14	0.39	0.37	0.36	0.34	0.33	0.32	0.32	0.33	0.33	0.33	0.34	0.32	0.34

December 31, 2023 calculation

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

Warner Bros. Discovery Inc's total asset turnover has shown some fluctuations over the past eight quarters. The total asset turnover ratio measures the efficiency with which the company generates sales revenue relative to its total assets.

In Q1 2022, the total asset turnover was relatively high at 0.37, indicating that the company was effective in generating sales compared to its total assets. However, this ratio decreased in the following quarters, reaching a low of 0.14 in Q2 2022. This suggests that the company was less efficient in utilizing its assets to generate revenue during that period.

Subsequently, there was an improvement in the total asset turnover ratio, with the highest ratio of 0.34 recorded in Q4 2023. This indicates that the company was able to enhance its efficiency in generating sales revenue in relation to its total assets during that quarter.

Overall, the trend in Warner Bros. Discovery Inc's total asset turnover shows some variability, with fluctuations observed over the quarters. The company should continue to monitor and strive to improve its asset utilization efficiency to enhance its financial performance.