Stock Analysis on Net

Alphabet Inc. (NASDAQ:GOOG)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

Alphabet Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The financial data exhibits significant growth in revenues over the examined period, starting from US$6,139 million in 2005 and reaching US$350,018 million by the end of 2024. This reflects a robust upward trend, with consistent annual increases, particularly notable during the later years where revenue growth accelerates markedly. The steady expansion in revenues indicates successful business scaling and market demand expansion.

Total assets also show a pronounced increase from US$10,272 million in 2005 to US$450,256 million in 2024. The asset base has grown roughly 44-fold over the period, with a consistent rise each year. This pattern suggests ongoing capital investment and possibly expansion in operational capacity or acquisitions, supporting the company's growth initiatives.

The total asset turnover ratio, representing the efficiency of asset utilization to generate revenues, fluctuates moderately in the initial years before demonstrating improvement towards the end of the timeline. Starting at 0.6 in 2005, it dips below 0.6 in the mid-years, reaching a low of approximately 0.50 in 2014, then gradually ascends to 0.78 by 2024. This increasing trend in asset turnover ratio in later years indicates a growing efficiency in leveraging assets to produce revenue, implying better management of resources or enhanced operational productivity.

Revenues
Show steady and substantial growth, accelerating particularly after 2016, culminating in a fivefold increase over the entire period.
Total assets
Exhibit a continuous and strong upward trajectory, expanding dramatically to support business growth, with total assets increasing more than fortyfold over the period.
Total asset turnover
Fluctuates moderately in earlier years with a low point around 2014, but trends upward in recent years, reflecting improved asset utilization efficiency.

Overall, the data reflects sustained expansion in scale and improved operational efficiency, as evidenced by increasing revenues supported by a rising asset base and enhancing turnover ratios. This combination suggests effective growth management strategies and increasing profitability potential driven by asset productivity.


Comparison to Competitors

Alphabet Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Media & Entertainment)


Comparison to Industry (Communication Services)

Alphabet Inc., total asset turnover, long-term trends, comparison to industry (communication services)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).