Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Comcast Corp., 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


Revenue Trends
Over the period analyzed, revenue shows a generally upward trend, increasing from $22,255 million in 2005 to $123,731 million in 2024. Notable phases include steady growth from 2005 through 2010, followed by a significant jump in 2011, rising sharply to $55,842 million from $37,937 million in 2010. This surge likely reflects major business developments or acquisitions. After 2011, revenue continues to grow but at a more moderate pace, with occasional fluctuations such as a slight decline between 2019 ($108,942 million) and 2020 ($103,564 million), possibly linked to broader economic conditions. The overall trajectory indicates sustained expansion across the two decades.
Total Assets Trends
Total assets grew from $103,146 million in 2005 to $266,211 million in 2024, indicating significant asset base enlargement. There is steady asset accumulation until 2013, after which a substantial increase occurs between 2013 ($158,813 million) and 2018 ($251,684 million), suggesting considerable capital investments or acquisitions within that period. The asset base remains comparatively stable post-2018, fluctuating moderately but without pronounced decline. The slow growth and occasional plateauing after 2018 suggest a phase of consolidation or stable asset management.
Total Asset Turnover Analysis
The total asset turnover ratio shows an improving efficiency trend from 0.22 in 2005 to peaks of 0.47 in 2022. Early years reflect low efficiency in generating revenue per asset dollar, but there is a consistent upward trajectory, with the ratio generally rising each year until about 2017, where it plateaus around 0.45. A decline to 0.38 in 2018 corresponds with the rapid asset growth noted in that period, indicating assets expanded faster than revenue. Subsequently, turnover improved again, nearing earlier highs by 2022 and slightly stabilizing thereafter. This pattern suggests periods of acquiring assets that temporarily lowered efficiency, followed by improved utilization.
Overall Insights
The data illustrates a company experiencing considerable expansion in both revenue and asset base over nearly two decades. Growth periods are punctuated by sharp increases in both revenue and assets, possibly linked to corporate acquisitions or strategic investments. The total asset turnover ratio reveals phases where asset growth outpaced revenue generation, impacting operational efficiency, followed by recovery to higher turnover levels. The company's ability to maintain and improve asset utilization efficiency while expanding indicates responsive management to growth dynamics. Minor revenue dips and asset fluctuations in recent years may reflect external economic challenges or internal adjustments.

Comparison to Competitors

Comcast Corp., 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)

Comcast Corp., 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).