Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
DoorDash, Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
An evaluation of long-term activity ratios indicates a general trajectory of increasing efficiency in asset and equity utilization from early 2022 through mid-2026, characterized by a recovery phase following a dip in the second quarter of 2022.
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio exhibited an initial decline from 11.58 in March 2022 to a low of 10.31 in September 2022. This was followed by a sustained period of growth, peaking at 13.85 in September 2024. From December 2024 through June 2026, the ratio stabilized, trending slightly downward to end at 12.75. When including operating lease right-of-use assets, the turnover ratio demonstrated a more consistent upward trend, rising from 6.51 in March 2022 to 9.35 by June 2026, suggesting a steady improvement in the efficiency of leased infrastructure.
- Total Asset Turnover
- Total asset turnover showed significant volatility during the analyzed period. After a sharp drop from 0.77 in March 2022 to 0.57 in June 2022, the ratio recovered steadily to peak at 0.83 in September 2024. A subsequent contraction occurred between June 2024 and December 2025, where the ratio plateaued at 0.70, before recovering to 0.81 by June 2026. This pattern suggests fluctuations in the relationship between total asset growth and revenue generation.
- Equity Turnover
- Equity turnover displayed the most aggressive and consistent growth pattern among the activity ratios. Following a low of 0.76 in June 2022, the ratio entered a long-term ascending trend, reaching 1.37 by December 2023 and continuing to climb to 1.60 by June 2026. This sustained increase indicates a substantial improvement in the company's ability to generate revenue relative to its equity base, reflecting enhanced capital efficiency over the four-year period.
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Net Fixed Asset Turnover
DoorDash, Inc., net fixed asset turnover calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Revenue | 4,454) | 4,036) | 3,955) | 3,446) | 3,284) | 3,032) | 2,873) | 2,706) | 2,630) | 2,513) | 2,303) | 2,164) | 2,133) | 2,035) | 1,818) | 1,701) | 1,608) | 1,456) | ||||||
| Property and equipment, net | 1,246) | 1,142) | 1,067) | 976) | 906) | 846) | 778) | 733) | 701) | 705) | 712) | 690) | 677) | 656) | 637) | 588) | 529) | 455) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||
| Net fixed asset turnover1 | 12.75 | 12.89 | 12.86 | 12.95 | 13.13 | 13.29 | 13.78 | 13.85 | 13.71 | 12.93 | 12.13 | 11.81 | 11.35 | 10.92 | 10.33 | 10.31 | 10.66 | 11.58 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||
| Airbnb Inc. | — | — | 114.40 | 97.89 | 87.73 | 81.39 | 75.52 | 65.30 | 61.79 | 59.89 | 61.98 | 65.31 | 68.85 | 71.38 | 69.41 | 67.78 | 62.54 | 46.34 | ||||||
| Booking Holdings Inc. | 36.82 | 35.32 | 33.35 | 31.87 | 29.51 | 28.11 | 28.53 | 26.14 | 25.60 | 27.33 | 27.25 | 28.14 | 26.42 | 26.00 | 25.55 | 18.23 | 17.07 | 14.82 | ||||||
| Chipotle Mexican Grill Inc. | 4.33 | 4.39 | 4.45 | 4.54 | 4.62 | 4.71 | 4.73 | 4.73 | 4.71 | 4.63 | 4.55 | 4.56 | 4.59 | 4.53 | 4.43 | 4.50 | 4.49 | 4.40 | ||||||
| McDonald’s Corp. | — | 0.97 | 0.95 | 0.96 | 0.96 | 1.00 | 1.02 | 1.01 | 1.04 | 1.04 | 1.02 | 1.05 | 1.00 | 0.98 | 0.98 | 1.02 | 1.01 | 0.97 | ||||||
| Starbucks Corp. | 5.35 | 5.10 | 4.38 | 4.13 | 4.12 | 4.16 | 4.17 | 4.51 | 4.67 | 4.82 | 4.87 | 4.96 | 4.99 | 4.91 | 4.92 | 4.99 | 4.85 | 4.75 | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Net fixed asset turnover
= (RevenueQ2 2026
+ RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025)
÷ Property and equipment, net
= (4,454 + 4,036 + 3,955 + 3,446)
÷ 1,246 = 12.75
2 Click competitor name to see calculations.
The financial trajectory indicates a consistent expansion in both revenue and net property and equipment from March 2022 through June 2026. Revenue exhibits strong upward momentum, growing from 1,456 million to 4,454 million. Concurrently, net fixed assets increased from 455 million to 1,246 million, signaling a steady investment in the company's long-term infrastructure to support its operational scaling.
- Initial Asset Efficiency Contraction
- The net fixed asset turnover ratio experienced an initial decline during 2022, falling from 11.58 in March to a low of 10.31 by September. This movement suggests that the growth in fixed assets temporarily outpaced the growth in revenue, resulting in a short-term decrease in the efficiency of long-term asset utilization.
- Operational Efficiency Optimization
- A period of significant improvement in asset productivity occurred between September 2022 and September 2024, during which the ratio rose from 10.31 to a peak of 13.85. This upward trend indicates that the company successfully leveraged its existing fixed asset base to generate higher revenue volumes, reflecting enhanced operational efficiency.
- Normalization and Capital Reinvestment
- Following the peak in late 2024, the net fixed asset turnover ratio entered a phase of gradual decline, ending at 12.75 by June 2026. This trend correlates with an accelerated increase in net property and equipment throughout 2025 and 2026. The decline in the ratio indicates a period of reinvestment, where the acquisition of new fixed assets preceded the full realization of the associated revenue growth.
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Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
DoorDash, Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Revenue | 4,454) | 4,036) | 3,955) | 3,446) | 3,284) | 3,032) | 2,873) | 2,706) | 2,630) | 2,513) | 2,303) | 2,164) | 2,133) | 2,035) | 1,818) | 1,701) | 1,608) | 1,456) | ||||||
| Property and equipment, net | 1,246) | 1,142) | 1,067) | 976) | 906) | 846) | 778) | 733) | 701) | 705) | 712) | 690) | 677) | 656) | 637) | 588) | 529) | 455) | ||||||
| Operating lease right-of-use assets | 454) | 437) | 437) | 396) | 391) | 384) | 389) | 380) | 381) | 448) | 436) | 406) | 417) | 414) | 436) | 436) | 426) | 354) | ||||||
| Property and equipment, net (including operating lease, right-of-use asset) | 1,700) | 1,579) | 1,504) | 1,372) | 1,297) | 1,230) | 1,167) | 1,113) | 1,082) | 1,153) | 1,148) | 1,096) | 1,094) | 1,070) | 1,073) | 1,024) | 955) | 809) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 9.35 | 9.32 | 9.12 | 9.21 | 9.17 | 9.14 | 9.19 | 9.12 | 8.88 | 7.90 | 7.52 | 7.44 | 7.03 | 6.69 | 6.14 | 5.92 | 5.90 | 6.51 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||||||||||||||||||||
| Airbnb Inc. | — | — | 47.63 | 43.91 | 41.96 | 40.55 | 38.15 | 41.37 | 38.48 | 36.32 | 35.54 | 35.56 | 34.55 | 33.49 | 32.43 | 29.45 | 26.12 | 16.30 | ||||||
| Booking Holdings Inc. | 20.75 | 19.90 | 18.71 | 18.31 | 17.37 | 17.06 | 17.07 | 15.55 | 14.81 | 14.99 | 14.35 | 14.99 | 14.43 | 13.76 | 13.01 | 12.51 | 11.24 | 9.40 | ||||||
| Chipotle Mexican Grill Inc. | 1.63 | 1.64 | 1.67 | 1.69 | 1.73 | 1.76 | 1.77 | 1.75 | 1.77 | 1.74 | 1.72 | 1.69 | 1.70 | 1.69 | 1.64 | 1.62 | 1.62 | 1.59 | ||||||
| Starbucks Corp. | 2.50 | 2.41 | 2.09 | 1.99 | 1.99 | 2.00 | 2.02 | 2.16 | 2.21 | 2.26 | 2.28 | 2.30 | 2.26 | 2.22 | 2.21 | 2.21 | 2.14 | 2.08 | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset)
= (RevenueQ2 2026
+ RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025)
÷ Property and equipment, net (including operating lease, right-of-use asset)
= (4,454 + 4,036 + 3,955 + 3,446)
÷ 1,700 = 9.35
2 Click competitor name to see calculations.
The analysis of long-term investment activity reveals a significant improvement in asset utilization efficiency over the period from March 2022 to June 2026. Revenue growth consistently outpaced the expansion of net fixed assets, resulting in a sustained upward trajectory for the net fixed asset turnover ratio.
- Revenue Growth Trajectory
- Revenue demonstrated a continuous upward trend, rising from 1,456 million US dollars in March 2022 to 4,454 million US dollars by June 2026. This represents a substantial increase in the scale of operations over the analyzed timeframe.
- Net Fixed Asset Expansion
- Property and equipment, including operating lease right-of-use assets, increased from 809 million US dollars in March 2022 to 1,700 million US dollars by June 2026. The growth in the asset base was more measured than the growth in revenue, suggesting an effective scaling of the physical and leased infrastructure.
- Net Fixed Asset Turnover Analysis
- The turnover ratio experienced initial volatility, declining from 6.51 in March 2022 to a low of 5.90 in June 2022. However, a consistent recovery and growth phase began in March 2023, with the ratio climbing from 6.69 to a peak of 9.35 by June 2026. A notable period of efficiency gain occurred between March 2023 and June 2024, during which the ratio increased from 6.69 to 8.88.
- Operational Efficiency and Stability
- From June 2024 through June 2026, the net fixed asset turnover ratio stabilized within a narrow range between 8.88 and 9.35. This stabilization indicates that the organization reached a level of operational maturity where it could generate higher volumes of revenue per unit of fixed asset investment without requiring proportional increases in long-term assets.
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Total Asset Turnover
DoorDash, Inc., total asset turnover calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Revenue | 4,454) | 4,036) | 3,955) | 3,446) | 3,284) | 3,032) | 2,873) | 2,706) | 2,630) | 2,513) | 2,303) | 2,164) | 2,133) | 2,035) | 1,818) | 1,701) | 1,608) | 1,456) | ||||||
| Total assets | 19,561) | 19,711) | 19,659) | 17,971) | 16,950) | 13,572) | 12,845) | 12,277) | 11,837) | 11,450) | 10,839) | 10,013) | 9,601) | 9,646) | 9,789) | 9,552) | 9,928) | 6,822) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||
| Total asset turnover1 | 0.81 | 0.75 | 0.70 | 0.70 | 0.70 | 0.83 | 0.83 | 0.83 | 0.81 | 0.80 | 0.80 | 0.81 | 0.80 | 0.74 | 0.67 | 0.63 | 0.57 | 0.77 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||
| Airbnb Inc. | 0.46 | 0.47 | 0.55 | 0.52 | 0.43 | 0.45 | 0.53 | 0.49 | 0.40 | 0.42 | 0.48 | 0.45 | 0.43 | 0.44 | 0.52 | 0.50 | 0.39 | 0.39 | ||||||
| Booking Holdings Inc. | 0.95 | 1.00 | 0.92 | 0.91 | 0.82 | 0.89 | 0.86 | 0.82 | 0.78 | 0.79 | 0.88 | 0.80 | 0.73 | 0.72 | 0.67 | 0.73 | 0.60 | 0.56 | ||||||
| Chipotle Mexican Grill Inc. | 1.40 | 1.38 | 1.33 | 1.27 | 1.25 | 1.27 | 1.23 | 1.22 | 1.20 | 1.21 | 1.23 | 1.21 | 1.23 | 1.27 | 1.25 | 1.23 | 1.24 | 1.21 | ||||||
| McDonald’s Corp. | — | 0.46 | 0.45 | 0.43 | 0.44 | 0.46 | 0.47 | 0.46 | 0.48 | 0.48 | 0.45 | 0.48 | 0.48 | 0.45 | 0.46 | 0.48 | 0.48 | 0.47 | ||||||
| Starbucks Corp. | 1.26 | 1.17 | 1.16 | 1.09 | 1.15 | 1.13 | 1.15 | 1.21 | 1.24 | 1.26 | 1.22 | 1.22 | 1.19 | 1.16 | 1.15 | 1.14 | 1.08 | 1.05 | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Total asset turnover
= (RevenueQ2 2026
+ RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025)
÷ Total assets
= (4,454 + 4,036 + 3,955 + 3,446)
÷ 19,561 = 0.81
2 Click competitor name to see calculations.
Revenue demonstrated a consistent and strong upward trajectory throughout the analyzed period, increasing from 1,456 million USD in March 2022 to 4,454 million USD by June 2026. Total assets followed a general growth trend, expanding from 6,822 million USD to 19,561 million USD, although this growth was marked by a significant acceleration in the first half of 2025.
- Revenue Growth Trends
- The top line showed uninterrupted quarterly growth, more than tripling over the observation window. This steady climb indicates a robust expansion of the business's scale and market reach.
- Asset Base Evolution
- Asset accumulation was relatively gradual until December 2024, after which a substantial increase occurred. Total assets rose from 12,845 million USD in December 2024 to 16,950 million USD by June 2025, reflecting a period of intensive capital investment or balance sheet expansion.
- Asset Turnover Efficiency
- The total asset turnover ratio experienced initial volatility, hitting a low of 0.57 in June 2022 before steadily improving to a peak of 0.83 by September 2024. This trend suggests a phase of increasing operational efficiency, where revenue growth outpaced the growth of the asset base.
- Investment Impact and Recovery
- A noticeable decline in the turnover ratio to 0.70 in March 2025 directly correlates with the sharp surge in total assets. This indicates a temporary decrease in asset productivity typically associated with large-scale investments. However, the subsequent recovery to 0.81 by June 2026 suggests that the newly acquired assets began contributing effectively to revenue generation.
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Equity Turnover
DoorDash, Inc., equity turnover calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Revenue | 4,454) | 4,036) | 3,955) | 3,446) | 3,284) | 3,032) | 2,873) | 2,706) | 2,630) | 2,513) | 2,303) | 2,164) | 2,133) | 2,035) | 1,818) | 1,701) | 1,608) | 1,456) | ||||||
| Stockholders’ equity | 9,921) | 10,198) | 10,033) | 9,495) | 8,923) | 8,389) | 7,803) | 7,569) | 7,162) | 6,999) | 6,806) | 6,559) | 6,396) | 6,518) | 6,754) | 6,825) | 7,410) | 4,652) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||
| Equity turnover1 | 1.60 | 1.44 | 1.37 | 1.33 | 1.33 | 1.34 | 1.37 | 1.34 | 1.34 | 1.30 | 1.27 | 1.24 | 1.20 | 1.10 | 0.97 | 0.89 | 0.76 | 1.13 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||
| Airbnb Inc. | 1.69 | 1.66 | 1.49 | 1.39 | 1.49 | 1.42 | 1.32 | 1.28 | 1.31 | 1.30 | 1.21 | 1.05 | 1.80 | 1.65 | 1.51 | 1.45 | 1.41 | 1.40 | ||||||
| Booking Holdings Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | 16.92 | 6.14 | 4.37 | 3.66 | 2.86 | ||||||
| Chipotle Mexican Grill Inc. | 5.65 | 5.04 | 4.21 | 3.66 | 3.28 | 3.29 | 3.09 | 3.04 | 2.87 | 3.04 | 3.22 | 3.30 | 3.36 | 3.62 | 3.65 | 3.62 | 3.78 | 3.67 | ||||||
| McDonald’s Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Starbucks Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Equity turnover
= (RevenueQ2 2026
+ RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025)
÷ Stockholders’ equity
= (4,454 + 4,036 + 3,955 + 3,446)
÷ 9,921 = 1.60
2 Click competitor name to see calculations.
Revenue exhibits a consistent and strong upward trajectory, increasing from 1,456 million US dollars in March 2022 to 4,454 million US dollars by June 2026. Concurrently, stockholders' equity experienced an initial period of volatility followed by a sustained growth phase, rising from 4,652 million US dollars to a peak of 10,198 million US dollars in March 2026, before slightly moderating to 9,921 million US dollars in the final quarter.
- Initial Volatility and Contraction (2022)
- A notable decline in equity turnover is observed in the first half of 2022, with the ratio dropping from 1.13 in March to a low of 0.76 in June. This contraction is attributed to a sharp increase in stockholders' equity that significantly outpaced revenue growth during this specific interval, temporarily reducing the efficiency of equity utilization.
- Steady Recovery and Optimization (2023–2024)
- Beginning in September 2022, a sustained recovery trend is evident. The equity turnover ratio climbed steadily throughout 2023, surpassing 1.20 by June and reaching 1.27 by December. This positive trend continued into 2024, where the ratio peaked at 1.37 in December, reflecting an improved capacity to generate sales from the company's equity base.
- Peak Efficiency and Terminal Growth (2025–2026)
- After a period of relative stability in 2025, where the ratio fluctuated between 1.33 and 1.37, a significant acceleration occurred in the first half of 2026. The equity turnover ratio reached its maximum value of 1.60 by June 2026. This peak is the result of record-high revenue levels coinciding with a slight reduction in total stockholders' equity, indicating optimal asset productivity.
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