Total Asset Turnover
since 2005
Calculation
Paramount Global, total asset turnover, long-term trends, calculation
| 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 financial data demonstrates fluctuating but generally increasing revenues over the analyzed period, with a notable spike beginning in 2019. Revenues started around $14.5 billion in 2005, maintaining a relatively stable range between approximately $13 billion and $15 billion up to 2018. Starting in 2019, revenues nearly doubled to $27.8 billion, followed by some variation but remaining elevated through 2022, reaching $30.1 billion. This indicates a significant expansion or acquisition-related growth during the latter years.
The total assets show a somewhat different trend. From 2005 to 2018, total assets declined from $43 billion to about $21.9 billion, suggesting divestitures, impairments, or other reductions in asset base during this time. However, starting in 2019, total assets increased sharply, more than doubling to $49.5 billion, and continuing to climb to $58.6 billion by 2021 before slightly decreasing in 2022. This rise in assets coincides with the surge in revenues, implying investment in growth or major asset acquisitions.
The total asset turnover ratio, which measures efficiency in using assets to generate revenue, fluctuates between 0.33 and 0.66 throughout the period. Early years show ratios in the low 0.3 range, improving steadily to around 0.5-0.6 in the 2010s. The highest efficiency is noted around 2017-2018 with ratios of 0.66, indicating better utilization of assets. However, post-2018, the ratio declines back to just above 0.5, despite higher absolute revenues and assets, suggesting that asset growth may have outpaced revenue generation efficiency in recent years.
- Revenues
- Relatively stable with mild fluctuations from 2005 to 2018; sharp increase beginning 2019 resulting in nearly doubled revenue by 2019 and sustained higher levels through 2022.
- Total Assets
- Declining trend from 2005 through 2018 followed by a pronounced increase starting in 2019, coinciding with revenue growth, indicating strategic asset investments or acquisitions.
- Total Asset Turnover
- Improved steadily from 2005 (0.34) to peak efficiency in 2017-2018 (0.66), then declined slightly post-2018 despite revenue and asset growth, suggesting decreased efficiency in asset use.
Overall, the data reflect a period of contraction or consolidation followed by rapid growth and expansion from 2019 onward. While revenue and asset base both grew significantly in the recent years, the efficiency of asset use has not fully kept pace, pointing to possible integration challenges or capital-intensive expansion strategies during this growth phase.
Comparison to Competitors
Paramount Global, total asset turnover, long-term trends, comparison to competitors
| 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)
| 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)
| 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).