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Paramount Global (NASDAQ:PARA)

This company has been moved to the archive! The financial data has not been updated since May 4, 2023.

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

Paramount Global, total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Revenues1 ÷ Total assets1
Dec 31, 2022 0.52 = 30,154 ÷ 58,393
Dec 31, 2021 0.49 = 28,586 ÷ 58,620
Dec 31, 2020 0.48 = 25,285 ÷ 52,663
Dec 31, 2019 0.56 = 27,812 ÷ 49,519
Dec 31, 2018 0.66 = 14,514 ÷ 21,859
Dec 31, 2017 0.66 = 13,692 ÷ 20,843
Dec 31, 2016 0.54 = 13,166 ÷ 24,238
Dec 31, 2015 0.58 = 13,886 ÷ 23,765
Dec 31, 2014 0.57 = 13,806 ÷ 24,072
Dec 31, 2013 0.58 = 15,284 ÷ 26,387
Dec 31, 2012 0.53 = 14,089 ÷ 26,466
Dec 31, 2011 0.54 = 14,245 ÷ 26,197
Dec 31, 2010 0.54 = 14,060 ÷ 26,143
Dec 31, 2009 0.48 = 13,015 ÷ 26,962
Dec 31, 2008 0.52 = 13,950 ÷ 26,889
Dec 31, 2007 0.35 = 14,073 ÷ 40,430
Dec 31, 2006 0.33 = 14,320 ÷ 43,509
Dec 31, 2005 0.34 = 14,536 ÷ 43,030

Based on: 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 total asset turnover ratio exhibited three distinct phases between 2005 and 2022, characterized by an initial period of low efficiency, a decade of steady improvement, and a recent period of stabilization following a massive expansion in the balance sheet.

Initial Low-Efficiency Phase (2005–2007)
Between 2005 and 2007, asset turnover remained low, fluctuating between 0.33 and 0.35. During this period, total assets were high, exceeding 40 billion USD, while revenues remained relatively stagnant around 14 billion USD, indicating a lower capacity to generate sales from the asset base.
Efficiency Improvement and Peak (2008–2018)
A significant shift occurred in 2008, where the turnover ratio jumped to 0.52. This increase was primarily driven by a substantial reduction in total assets, which fell from approximately 40 billion USD to 26 billion USD. The ratio maintained a general upward trajectory over the following decade, reaching a peak of 0.66 in 2017 and 2018. This trend reflects a leaner asset structure relative to revenue generation.
Expansion and Ratio Compression (2019–2022)
Beginning in 2019, there was a simultaneous and sharp increase in both revenues and total assets. While revenues nearly doubled from 2018 levels, assets more than doubled, rising from 21.8 billion USD in 2018 to 58.4 billion USD by 2022. This aggressive expansion of the asset base outpaced revenue growth, causing the total asset turnover ratio to decline from its peak of 0.66 to 0.52 by the end of 2022.
Long-term Comparative Analysis
Despite the recent decline from the 2018 peak, the turnover ratios from 2019 to 2022 remain higher than those observed in the 2005–2007 period. The overall trajectory indicates that while the scale of operations has grown immensely, the current efficiency in utilizing assets to generate revenue is higher than it was in the mid-2000s, though lower than the peak efficiency achieved during the leaner asset phase of 2017–2018.

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Comparison to Competitors

Paramount Global, total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Paramount Global Alphabet Inc. Comcast Corp. Meta Platforms Inc. Netflix Inc. Walt Disney Co.
Dec 31, 2022 0.52 0.77 0.47 0.63 0.65 0.41
Dec 31, 2021 0.49 0.72 0.42 0.71 0.67 0.33
Dec 31, 2020 0.48 0.57 0.38 0.54 0.64 0.32
Dec 31, 2019 0.56 0.59 0.41 0.53 0.59 0.36
Dec 31, 2018 0.66 0.59 0.38 0.57 0.61 0.60
Dec 31, 2017 0.66 0.56 0.45 0.48 0.61 0.58
Dec 31, 2016 0.54 0.54 0.45 0.43 0.65 0.60
Dec 31, 2015 0.58 0.51 0.45 0.36 0.66 0.59
Dec 31, 2014 0.57 0.50 0.43 0.31 0.78 0.58
Dec 31, 2013 0.58 0.54 0.41 0.44 0.81 0.55
Dec 31, 2012 0.53 0.53 0.38 0.34 0.91 0.56
Dec 31, 2011 0.54 0.52 0.35 — 1.04 0.57
Dec 31, 2010 0.54 0.51 0.32 — 2.20 0.55
Dec 31, 2009 0.48 0.58 0.32 — 2.46 0.57
Dec 31, 2008 0.52 0.69 0.30 — 2.21 0.61
Dec 31, 2007 0.35 0.65 0.27 — 1.86 0.58
Dec 31, 2006 0.33 0.57 0.23 — 1.64 0.57
Dec 31, 2005 0.34 0.60 0.22 — 1.87 0.60

Based on: 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)

Paramount Global, total asset turnover, long-term trends, comparison to sector (media & entertainment)

Microsoft Excel
Paramount Global Media & Entertainment
Dec 31, 2022 0.52 0.60
Dec 31, 2021 0.49 0.56
Dec 31, 2020 0.48 0.47
Dec 31, 2019 0.56 0.48
Dec 31, 2018 0.66 0.51
Dec 31, 2017 0.66 0.52
Dec 31, 2016 0.54 0.51
Dec 31, 2015 0.58 0.49
Dec 31, 2014 0.57 0.48
Dec 31, 2013 0.58 0.49
Dec 31, 2012 0.53 0.46
Dec 31, 2011 0.54 0.45
Dec 31, 2010 0.54 0.44
Dec 31, 2009 0.48 0.45
Dec 31, 2008 0.52 0.46
Dec 31, 2007 0.35 0.42
Dec 31, 2006 0.33 0.37
Dec 31, 2005 0.34 0.37

Based on: 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 Industry (Communication Services)

Paramount Global, total asset turnover, long-term trends, comparison to industry (communication services)

Microsoft Excel
Paramount Global Communication Services
Dec 31, 2022 0.52 0.47
Dec 31, 2021 0.49 0.45
Dec 31, 2020 0.48 0.41
Dec 31, 2019 0.56 0.43
Dec 31, 2018 0.66 0.45
Dec 31, 2017 0.66 0.46
Dec 31, 2016 0.54 0.48
Dec 31, 2015 0.58 0.46
Dec 31, 2014 0.57 0.49
Dec 31, 2013 0.58 0.47
Dec 31, 2012 0.53 0.48
Dec 31, 2011 0.54 0.47
Dec 31, 2010 0.54 0.46
Dec 31, 2009 0.48 0.46
Dec 31, 2008 0.52 0.47
Dec 31, 2007 0.35 0.45
Dec 31, 2006 0.33 0.34
Dec 31, 2005 0.34 0.37

Based on: 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).