Stock Analysis on Net

AT&T Inc. (NYSE:T)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

AT&T Inc., 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


The financial data reveals several notable trends in operating revenues, total assets, and total asset turnover over the period from 2005 to 2024.

Operating Revenues
Operating revenues exhibit significant growth from 2005 through 2015, increasing from approximately $43.9 billion to a peak of about $146.8 billion. This growth phase is characterized by a particularly sharp rise between 2006 and 2007, more than doubling within one year. After 2015, revenues continue to increase but at a slower rate, peaking around $181.2 billion in 2019. Subsequently, there is a marked decline starting in 2020, with revenues falling to roughly $120.7 billion by 2022. The last two years, 2023 and 2024, show stabilization around $122 billion.
Total Assets
Total assets increased substantially from approximately $145.6 billion in 2005 to a high of $551.7 billion in 2019, demonstrating steady growth with occasional fluctuations. Notably, assets surged between 2013 and 2015 and again between 2016 and 2019. After peaking in 2019, there is a pronounced decline through 2020 to 2022, where assets reduce to about $402.9 billion. From 2022 to 2024, total assets remain relatively stable, maintaining a level just below $400 billion.
Total Asset Turnover
The total asset turnover ratio starts at 0.3 in 2005, declining to a low of 0.23 in 2006. It recovers and remains relatively steady between 0.43 and 0.47 from 2007 through 2012. After this period, the ratio trends downward again, falling to around 0.3 by 2023 and showing a slight increase to 0.31 in 2024. This pattern indicates an initial efficiency improvement in asset utilization during the growth phase, followed by a gradual decline as assets expanded more rapidly than revenues in later years.

Overall, the data reflects a period of rapid revenue and asset growth up to 2019, followed by declines and stabilization. The decrease in total asset turnover ratio after the peak years suggests diminishing efficiency in generating revenue from assets during the latter part of the period. The post-2019 decline in both revenues and assets could indicate strategic changes, market challenges, or asset divestitures affecting the company’s operational scale and efficiency.


Comparison to Competitors


Comparison to Sector (Telecommunication Services)


Comparison to Industry (Communication Services)