Yelp Inc (YELP)

Total asset turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 1,350,660 1,205,530 1,040,560 880,779 1,018,980
Total assets US$ in thousands 1,014,720 1,015,920 1,050,530 1,154,950 1,070,700
Total asset turnover 1.33 1.19 0.99 0.76 0.95

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,350,660K ÷ $1,014,720K
= 1.33

Yelp Inc's total asset turnover ratio has shown an increasing trend over the past five years. At the end of 2023, the total asset turnover ratio stood at 1.32, reflecting the company's ability to generate $1.32 in revenue for every dollar of assets it owns. This indicates an improvement in efficiency in the utilization of its assets to generate sales compared to the previous years. The steady increase in the total asset turnover ratio suggests that Yelp Inc has been more effective in generating revenue relative to its asset base, which is a positive signal for investors and indicates increased operational efficiency.


Peer comparison

Dec 31, 2023