Yelp Inc (YELP)

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	1,350,662	1,317,426	1,280,874	1,241,811	1,205,528	1,169,086	1,128,644	1,086,054	1,040,559	999,594	950,952	862,967	880,779	914,397	954,062	1,030,022	1,014,286	989,203	967,920	955,870
Total assets	US$ in thousands	1,014,720	1,027,320	1,033,290	1,021,680	1,015,920	1,030,330	1,023,170	1,044,910	1,050,530	1,079,070	1,105,240	1,135,380	1,154,950	1,138,950	1,073,480	1,085,220	1,070,700	1,028,770	1,083,430	1,337,860
Total asset turnover		1.33	1.28	1.24	1.22	1.19	1.13	1.10	1.04	0.99	0.93	0.86	0.76	0.76	0.80	0.89	0.95	0.95	0.96	0.89	0.71

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,350,662K ÷ $1,014,720K
= 1.33

The total asset turnover of Yelp Inc has exhibited a positive trend over the past eight quarters, increasing from 1.03 in Q1 2022 to 1.32 in Q4 2023. This indicates that the company is generating more revenue per dollar of assets employed, reflecting improved efficiency in asset utilization. The consistent improvement in total asset turnover suggests that Yelp Inc is making effective use of its assets to generate sales revenue. Investors and stakeholders may view this trend positively as it demonstrates the company's ability to maximize its asset base for revenue generation.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

Yelp Inc

YELP

1.33

H&R Block Inc

HRB

1.10

Service Corporation International