Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Comcast Corp., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 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 total asset turnover ratio for the period examined demonstrates a generally increasing trend from 2005 through 2017, followed by some fluctuation and a slight decline in more recent years. Initially, the ratio was relatively low, indicating a less efficient use of assets in generating revenue. However, a consistent upward trajectory is observed over the first decade of the period, suggesting improved asset utilization.

Initial Growth (2005-2017)
From 0.22 in 2005, the total asset turnover ratio increased to 0.45 by 2017. This represents a significant improvement in the company’s ability to generate sales from its asset base. The growth appears to have accelerated in the early 2010s, coinciding with a period of substantial revenue growth.
Fluctuation and Recent Trends (2018-2025)
Following 2017, the ratio experienced a decrease to 0.38 in 2018, before recovering to 0.41 in 2019. A dip to 0.38 occurred in 2020, potentially influenced by economic conditions related to the global pandemic. The ratio then rose to a peak of 0.47 in 2022, before settling at 0.46 in 2023 and 0.45 in 2024 and 2025. While still representing a relatively efficient use of assets, the recent plateau suggests a stabilization or a slight decrease in the rate of improvement.

The observed fluctuations in the total asset turnover ratio likely reflect changes in revenue, asset base, and broader economic conditions. The consistent upward trend prior to 2018 indicates successful strategies in optimizing asset utilization. The more recent stabilization suggests that further significant improvements in asset turnover may be more challenging to achieve, or that the company’s current asset levels are appropriately aligned with its revenue generation capacity.

Overall Assessment
The company generally demonstrates a healthy and improving ability to generate revenue from its assets. While the ratio has stabilized in recent years, it remains at a relatively strong level compared to its historical performance. Continued monitoring of this ratio, alongside other financial metrics, is recommended to assess the long-term sustainability of asset utilization efficiency.

Comparison to Competitors

Comcast Corp., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 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).


Comparison to Sector (Media & Entertainment)


Comparison to Industry (Communication Services)