Yahoo! Inc. (NASDAQ:YHOO)

The financial data reveals notable trends in revenue, total assets, and asset turnover over the period examined.

Revenue

Revenue displayed an overall upward trend from 2005 to 2008, rising from approximately 5,257 million US dollars to around 7,208 million US dollars. However, starting in 2009, revenue began to decline, falling below 5,000 million US dollars by 2013 and maintaining a relatively stable level with minor fluctuations through 2016, ending at approximately 5,169 million US dollars. This indicates a peak in 2008 followed by a period of contraction and stabilization at a lower revenue level.

Total assets

Total assets generally increased from 2005 through 2012, moving from about 10,832 million US dollars to over 17,103 million US dollars. A significant jump occurred in 2014, where total assets surged dramatically to approximately 61,960 million US dollars. Following this spike, total assets decreased substantially in 2015 to around 45,204 million US dollars, before increasing modestly to approximately 48,083 million US dollars in 2016. This notable fluctuation in total assets in the later years suggests major asset acquisitions, disposals, or revaluations during this period.

Total asset turnover

The total asset turnover ratio, reflecting efficiency in using assets to generate revenue, showed a declining trend throughout the period. Starting at 0.49 in 2005, the ratio rose modestly until 2007 (0.57), then steadily decreased to a low of 0.07 in 2014, before slightly recovering to 0.11 in 2015 and 2016. The decline in asset turnover, especially pronounced after 2010, indicates a reduction in efficiency with which assets are used to produce revenue, potentially linked to the substantial increase in total assets observed around 2014.

In summary, during the early years, revenue growth and moderate asset growth contributed to stable asset turnover performance. However, post-2008, revenue declined and asset growth accelerated significantly, resulting in decreased asset turnover ratios. The substantial rise and subsequent fall in total assets in the 2014–2016 timeframe is a key factor influencing these trends, suggesting impactful changes in asset structure or investment strategies that did not immediately translate into proportional revenue increases.