Stock Analysis on Net
Stock Analysis on Net

Time Warner Inc. (NYSE:TWX)

This company has been moved to the archive! The financial data has not been updated since April 26, 2018.

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

Time Warner Inc., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Revenues1 ÷ Total assets1
Dec 31, 2017 0.45 = 31,271 ÷ 69,209
Dec 31, 2016 0.44 = 29,318 ÷ 65,966
Dec 31, 2015 0.44 = 28,118 ÷ 63,848
Dec 31, 2014 0.43 = 27,359 ÷ 63,259
Dec 31, 2013 0.44 = 29,795 ÷ 67,994
Dec 31, 2012 0.42 = 28,729 ÷ 68,304
Dec 31, 2011 0.43 = 28,974 ÷ 67,801
Dec 31, 2010 0.40 = 26,888 ÷ 66,524
Dec 31, 2009 0.39 = 25,785 ÷ 65,730
Dec 31, 2008 0.41 = 46,984 ÷ 113,896
Dec 31, 2007 0.35 = 46,482 ÷ 133,830
Dec 31, 2006 0.34 = 44,224 ÷ 131,669
Dec 31, 2005 0.36 = 43,652 ÷ 122,475

Based on: 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 from 2005 to 2017 indicates a significant structural transformation in the organization's operational scale and asset efficiency. A critical inflection point is observed in 2009, characterized by a substantial reduction in both the asset base and total revenue.

Revenue and Asset Dynamics
Between 2005 and 2008, revenues remained relatively stable, peaking at US$ 46,984 million. However, 2009 saw a sharp decline in revenues to US$ 25,785 million and a corresponding collapse in total assets from US$ 113,896 million in 2008 to US$ 65,730 million. Subsequent years showed a gradual recovery in revenues, reaching US$ 31,271 million by 2017, while assets remained relatively stable, ending the period at US$ 69,209 million.
Total Asset Turnover Trends
The total asset turnover ratio reflects an overall increase in efficiency over the analyzed period. The ratio began at 0.36 in 2005 and concluded at 0.45 in 2017. While the ratio fluctuated between 0.34 and 0.36 from 2005 to 2007, a positive shift occurred starting in 2008, when the ratio climbed to 0.41.
Operational Efficiency Insights
The post-2009 period is marked by a consistent and steady improvement in the asset turnover ratio, which rose from 0.39 in 2009 to 0.45 in 2017. This trend indicates that the entity successfully optimized its streamlined asset base to generate higher relative sales volume, suggesting an increase in asset productivity following the corporate restructuring event of 2009.

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Comparison to Competitors

Time Warner Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Time Warner Inc. Alphabet Inc. Comcast Corp. Meta Platforms Inc. Netflix Inc. Walt Disney Co.
Dec 31, 2017 0.45 0.56 0.45 0.48 0.61 0.58
Dec 31, 2016 0.44 0.54 0.45 0.43 0.65 0.60
Dec 31, 2015 0.44 0.51 0.45 0.36 0.66 0.59
Dec 31, 2014 0.43 0.50 0.43 0.31 0.78 0.58
Dec 31, 2013 0.44 0.54 0.41 0.44 0.81 0.55
Dec 31, 2012 0.42 0.53 0.38 0.34 0.91 0.56
Dec 31, 2011 0.43 0.52 0.35 — 1.04 0.57
Dec 31, 2010 0.40 0.51 0.32 — 2.20 0.55
Dec 31, 2009 0.39 0.58 0.32 — 2.46 0.57
Dec 31, 2008 0.41 0.69 0.30 — 2.21 0.61
Dec 31, 2007 0.35 0.65 0.27 — 1.86 0.58
Dec 31, 2006 0.34 0.57 0.23 — 1.64 0.57
Dec 31, 2005 0.36 0.60 0.22 — 1.87 0.60

Based on: 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)

Time Warner Inc., total asset turnover, long-term trends, comparison to sector (media & entertainment)

Microsoft Excel
Time Warner Inc. Media & Entertainment
Dec 31, 2017 0.45 0.52
Dec 31, 2016 0.44 0.51
Dec 31, 2015 0.44 0.49
Dec 31, 2014 0.43 0.48
Dec 31, 2013 0.44 0.49
Dec 31, 2012 0.42 0.46
Dec 31, 2011 0.43 0.45
Dec 31, 2010 0.40 0.44
Dec 31, 2009 0.39 0.45
Dec 31, 2008 0.41 0.46
Dec 31, 2007 0.35 0.42
Dec 31, 2006 0.34 0.37
Dec 31, 2005 0.36 0.37

Based on: 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)

Time Warner Inc., total asset turnover, long-term trends, comparison to industry (communication services)

Microsoft Excel
Time Warner Inc. Communication Services
Dec 31, 2017 0.45 0.46
Dec 31, 2016 0.44 0.48
Dec 31, 2015 0.44 0.46
Dec 31, 2014 0.43 0.49
Dec 31, 2013 0.44 0.47
Dec 31, 2012 0.42 0.48
Dec 31, 2011 0.43 0.47
Dec 31, 2010 0.40 0.46
Dec 31, 2009 0.39 0.46
Dec 31, 2008 0.41 0.47
Dec 31, 2007 0.35 0.45
Dec 31, 2006 0.34 0.34
Dec 31, 2005 0.36 0.37

Based on: 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).