Total Asset Turnover
since 2006
Calculation
Mastercard Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 0.57 | = | 22,237) | ÷ | 38,724) |
| Dec 31, 2021 | 0.50 | = | 18,884) | ÷ | 37,669) |
| Dec 31, 2020 | 0.46 | = | 15,301) | ÷ | 33,584) |
| Dec 31, 2019 | 0.58 | = | 16,883) | ÷ | 29,236) |
| Dec 31, 2018 | 0.60 | = | 14,950) | ÷ | 24,860) |
| Dec 31, 2017 | 0.59 | = | 12,497) | ÷ | 21,329) |
| Dec 31, 2016 | 0.58 | = | 10,776) | ÷ | 18,675) |
| Dec 31, 2015 | 0.59 | = | 9,667) | ÷ | 16,269) |
| Dec 31, 2014 | 0.62 | = | 9,473) | ÷ | 15,329) |
| Dec 31, 2013 | 0.59 | = | 8,346) | ÷ | 14,242) |
| Dec 31, 2012 | 0.59 | = | 7,391) | ÷ | 12,462) |
| Dec 31, 2011 | 0.63 | = | 6,714) | ÷ | 10,693) |
| Dec 31, 2010 | 0.63 | = | 5,539) | ÷ | 8,837) |
| Dec 31, 2009 | 0.68 | = | 5,099) | ÷ | 7,470) |
| Dec 31, 2008 | 0.77 | = | 4,992) | ÷ | 6,476) |
| Dec 31, 2007 | 0.65 | = | 4,068) | ÷ | 6,260) |
| Dec 31, 2006 | 0.65 | = | 3,326) | ÷ | 5,082) |
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).
1 US$ in millions
An analysis of financial performance from 2006 to 2022 reveals a consistent expansion in both scale and infrastructure, characterized by substantial growth in net revenue and total assets. While revenue increased from 3,326 million USD to 22,237 million USD, total assets expanded from 5,082 million USD to 38,724 million USD over the same period.
- Revenue and Asset Scaling
- Net revenue demonstrated a strong upward trajectory for the majority of the period, with a notable exception in 2020 when revenue declined to 15,301 million USD from 16,883 million USD in 2019. Total assets, however, maintained an uninterrupted growth pattern throughout the entire 16-year span, reflecting a continuous investment in the balance sheet.
- Asset Turnover Efficiency
- The total asset turnover ratio remained relatively stable between 0.58 and 0.68 for most of the analysis period, indicating a consistent relationship between asset utilization and revenue generation. A peak in efficiency was observed in 2008, where the ratio reached 0.77, the highest point in the recorded period.
- Impact of 2020 Market Volatility
- A significant contraction in asset efficiency occurred in 2020, with the total asset turnover ratio dropping to 0.46. This decline coincided with the only recorded decrease in annual net revenue, while total assets continued to grow, leading to a temporary reduction in the productivity of the asset base.
- Recovery and Stabilization
- Following the 2020 low, a recovery trend is evident. The asset turnover ratio climbed to 0.50 in 2021 and further to 0.57 in 2022, suggesting a return toward historical efficiency norms as revenue growth regained momentum relative to the asset base.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Mastercard Inc., total asset turnover, long-term trends, comparison to competitors
| Mastercard Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 0.57 | 1.30 | 0.65 | 0.48 | 0.69 | 0.56 | 0.48 | 0.46 | 0.54 | 0.39 | 0.55 | 0.45 | 0.28 | 0.54 | 0.54 | 0.49 |
| Dec 31, 2021 | 0.50 | 1.17 | 0.58 | 0.45 | 0.68 | 0.43 | 0.43 | 0.62 | 0.50 | 0.31 | 0.47 | 0.42 | 0.32 | 0.55 | 0.48 | 0.50 |
| Dec 31, 2020 | 0.46 | 1.20 | 0.53 | — | 0.68 | 0.32 | 0.47 | 0.70 | 0.47 | 0.34 | 0.41 | 0.38 | 0.31 | 0.52 | 0.46 | 0.53 |
| Dec 31, 2019 | 0.58 | 1.45 | 0.54 | — | 0.70 | 0.35 | 0.51 | 1.08 | 0.44 | 0.36 | — | 0.44 | 0.43 | 0.57 | 0.52 | 0.51 |
| Dec 31, 2018 | 0.60 | 1.70 | 0.48 | — | 0.87 | — | 0.65 | 1.15 | 0.43 | 0.29 | — | 0.39 | 0.50 | 0.67 | 0.51 | 0.43 |
| Dec 31, 2017 | 0.59 | 1.62 | 0.50 | — | 0.80 | — | 0.63 | 1.27 | 0.37 | 0.28 | — | 0.51 | 0.48 | 0.57 | 0.50 | 0.50 |
| Dec 31, 2016 | 0.58 | 1.69 | 0.46 | — | 0.87 | — | 0.68 | 1.10 | 0.44 | 0.33 | — | 0.50 | 0.52 | 0.68 | 0.46 | 0.43 |
| Dec 31, 2015 | 0.59 | 1.80 | 0.41 | — | 0.72 | — | 0.74 | 0.84 | 0.53 | 0.34 | — | 0.47 | 0.50 | 0.56 | 0.44 | 0.33 |
| Dec 31, 2014 | 0.62 | 1.78 | 0.38 | — | 0.49 | — | 0.79 | 0.87 | 0.50 | 0.42 | — | 0.40 | 0.44 | 0.48 | 0.43 | 0.22 |
| Dec 31, 2013 | 0.59 | 1.80 | 0.39 | — | 0.60 | — | 0.79 | 0.76 | 0.55 | 0.45 | — | 0.68 | 0.55 | 0.36 | 0.45 | 0.29 |
| Dec 31, 2012 | 0.59 | 1.79 | 0.44 | — | 0.58 | — | 0.88 | 0.89 | 0.61 | 0.47 | — | 0.63 | 0.54 | 0.51 | 0.42 | — |
| Dec 31, 2011 | 0.63 | 1.74 | 0.47 | — | 0.65 | — | 0.92 | 0.75 | 0.64 | 0.48 | — | — | 0.54 | — | 0.46 | — |
| Dec 31, 2010 | 0.63 | 1.80 | 0.47 | — | 0.54 | — | 0.88 | 0.66 | 0.73 | 0.44 | — | — | 0.53 | — | 0.42 | — |
| Dec 31, 2009 | 0.68 | 1.89 | 0.40 | — | 0.60 | — | 0.88 | 0.66 | 0.75 | 0.49 | — | — | 0.73 | — | 0.46 | — |
| Dec 31, 2008 | 0.77 | 2.04 | 0.61 | — | 0.62 | — | 0.95 | 0.66 | 0.83 | 0.47 | — | — | 0.69 | — | 0.49 | — |
| Dec 31, 2007 | 0.65 | 2.00 | 0.55 | — | 0.42 | — | 0.82 | 0.63 | 0.81 | 0.52 | — | — | 0.75 | — | 0.46 | — |
| Dec 31, 2006 | 0.65 | 1.94 | 0.43 | — | 0.43 | — | 0.89 | 0.85 | 0.64 | 0.50 | — | — | 0.71 | — | 0.51 | — |
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).
Comparison to Sector (Software & Services)
Mastercard Inc., total asset turnover, long-term trends, comparison to sector (software & services)
| Mastercard Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2022 | 0.57 | 0.53 |
| Dec 31, 2021 | 0.50 | 0.49 |
| Dec 31, 2020 | 0.46 | 0.48 |
| Dec 31, 2019 | 0.58 | 0.50 |
| Dec 31, 2018 | 0.60 | 0.51 |
| Dec 31, 2017 | 0.59 | 0.47 |
| Dec 31, 2016 | 0.58 | 0.54 |
| Dec 31, 2015 | 0.59 | 0.59 |
| Dec 31, 2014 | 0.62 | 0.61 |
| Dec 31, 2013 | 0.59 | 0.66 |
| Dec 31, 2012 | 0.59 | 0.72 |
| Dec 31, 2011 | 0.63 | 0.75 |
| Dec 31, 2010 | 0.63 | 0.76 |
| Dec 31, 2009 | 0.68 | 0.79 |
| Dec 31, 2008 | 0.77 | 0.86 |
| Dec 31, 2007 | 0.65 | 0.81 |
| Dec 31, 2006 | 0.65 | 0.78 |
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).
Comparison to Industry (Information Technology)
Mastercard Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Mastercard Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 0.57 | 0.64 |
| Dec 31, 2021 | 0.50 | 0.62 |
| Dec 31, 2020 | 0.46 | 0.58 |
| Dec 31, 2019 | 0.58 | 0.59 |
| Dec 31, 2018 | 0.60 | 0.59 |
| Dec 31, 2017 | 0.59 | 0.51 |
| Dec 31, 2016 | 0.58 | 0.55 |
| Dec 31, 2015 | 0.59 | 0.63 |
| Dec 31, 2014 | 0.62 | 0.64 |
| Dec 31, 2013 | 0.59 | 0.66 |
| Dec 31, 2012 | 0.59 | 0.70 |
| Dec 31, 2011 | 0.63 | 0.73 |
| Dec 31, 2010 | 0.63 | 0.72 |
| Dec 31, 2009 | 0.68 | 0.69 |
| Dec 31, 2008 | 0.77 | 0.79 |
| Dec 31, 2007 | 0.65 | 0.76 |
| Dec 31, 2006 | 0.65 | 0.75 |
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).