Total Asset Turnover
since 2005
Calculation
Verizon Communications Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Operating revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.35 | = | 133,974) | ÷ | 380,255) |
| Dec 31, 2022 | 0.36 | = | 136,835) | ÷ | 379,680) |
| Dec 31, 2021 | 0.36 | = | 133,613) | ÷ | 366,596) |
| Dec 31, 2020 | 0.41 | = | 128,292) | ÷ | 316,481) |
| Dec 31, 2019 | 0.45 | = | 131,868) | ÷ | 291,727) |
| Dec 31, 2018 | 0.49 | = | 130,863) | ÷ | 264,829) |
| Dec 31, 2017 | 0.49 | = | 126,034) | ÷ | 257,143) |
| Dec 31, 2016 | 0.52 | = | 125,980) | ÷ | 244,180) |
| Dec 31, 2015 | 0.54 | = | 131,620) | ÷ | 244,640) |
| Dec 31, 2014 | 0.55 | = | 127,079) | ÷ | 232,708) |
| Dec 31, 2013 | 0.44 | = | 120,550) | ÷ | 274,098) |
| Dec 31, 2012 | 0.51 | = | 115,846) | ÷ | 225,222) |
| Dec 31, 2011 | 0.48 | = | 110,875) | ÷ | 230,461) |
| Dec 31, 2010 | 0.48 | = | 106,565) | ÷ | 220,005) |
| Dec 31, 2009 | 0.47 | = | 107,808) | ÷ | 227,251) |
| Dec 31, 2008 | 0.48 | = | 97,354) | ÷ | 202,352) |
| Dec 31, 2007 | 0.50 | = | 93,469) | ÷ | 186,959) |
| Dec 31, 2006 | 0.47 | = | 88,144) | ÷ | 188,804) |
| Dec 31, 2005 | 0.45 | = | 75,112) | ÷ | 168,130) |
Based on: 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
Comparison to Competitors
Verizon Communications Inc., total asset turnover, long-term trends, comparison to competitors
| Verizon Communications Inc. | AT&T Inc. | T-Mobile US Inc. | |
|---|---|---|---|
| Dec 31, 2023 | 0.35 | 0.30 | 0.38 |
| Dec 31, 2022 | 0.36 | 0.30 | 0.38 |
| Dec 31, 2021 | 0.36 | 0.31 | 0.39 |
| Dec 31, 2020 | 0.41 | 0.33 | 0.34 |
| Dec 31, 2019 | 0.45 | 0.33 | 0.52 |
| Dec 31, 2018 | 0.49 | 0.32 | 0.60 |
| Dec 31, 2017 | 0.49 | 0.36 | 0.58 |
| Dec 31, 2016 | 0.52 | 0.41 | 0.57 |
| Dec 31, 2015 | 0.54 | 0.36 | 0.51 |
| Dec 31, 2014 | 0.55 | 0.45 | 0.52 |
| Dec 31, 2013 | 0.44 | 0.46 | 0.49 |
| Dec 31, 2012 | 0.51 | 0.47 | — |
| Dec 31, 2011 | 0.48 | 0.47 | — |
| Dec 31, 2010 | 0.48 | 0.46 | — |
| Dec 31, 2009 | 0.47 | 0.46 | — |
| Dec 31, 2008 | 0.48 | 0.47 | — |
| Dec 31, 2007 | 0.50 | 0.43 | — |
| Dec 31, 2006 | 0.47 | 0.23 | — |
| Dec 31, 2005 | 0.45 | 0.30 | — |
Based on: 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 (Telecommunication Services)
Verizon Communications Inc., total asset turnover, long-term trends, comparison to sector (telecommunication services)
| Verizon Communications Inc. | Telecommunication Services | |
|---|---|---|
| Dec 31, 2023 | 0.35 | 0.34 |
| Dec 31, 2022 | 0.36 | 0.34 |
| Dec 31, 2021 | 0.36 | 0.34 |
| Dec 31, 2020 | 0.41 | 0.35 |
| Dec 31, 2019 | 0.45 | 0.38 |
| Dec 31, 2018 | 0.49 | 0.40 |
| Dec 31, 2017 | 0.49 | 0.42 |
| Dec 31, 2016 | 0.52 | 0.46 |
| Dec 31, 2015 | 0.54 | 0.44 |
| Dec 31, 2014 | 0.55 | 0.50 |
| Dec 31, 2013 | 0.44 | 0.45 |
| Dec 31, 2012 | 0.51 | 0.49 |
| Dec 31, 2011 | 0.48 | 0.47 |
| Dec 31, 2010 | 0.48 | 0.47 |
| Dec 31, 2009 | 0.47 | 0.47 |
| Dec 31, 2008 | 0.48 | 0.47 |
| Dec 31, 2007 | 0.50 | 0.46 |
| Dec 31, 2006 | 0.47 | 0.33 |
| Dec 31, 2005 | 0.45 | 0.38 |
Based on: 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 Industry (Communication Services)
Verizon Communications Inc., total asset turnover, long-term trends, comparison to industry (communication services)
| Verizon Communications Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2023 | 0.35 | 0.48 |
| Dec 31, 2022 | 0.36 | 0.47 |
| Dec 31, 2021 | 0.36 | 0.45 |
| Dec 31, 2020 | 0.41 | 0.41 |
| Dec 31, 2019 | 0.45 | 0.43 |
| Dec 31, 2018 | 0.49 | 0.45 |
| Dec 31, 2017 | 0.49 | 0.46 |
| Dec 31, 2016 | 0.52 | 0.48 |
| Dec 31, 2015 | 0.54 | 0.46 |
| Dec 31, 2014 | 0.55 | 0.49 |
| Dec 31, 2013 | 0.44 | 0.47 |
| Dec 31, 2012 | 0.51 | 0.48 |
| Dec 31, 2011 | 0.48 | 0.47 |
| Dec 31, 2010 | 0.48 | 0.46 |
| Dec 31, 2009 | 0.47 | 0.46 |
| Dec 31, 2008 | 0.48 | 0.47 |
| Dec 31, 2007 | 0.50 | 0.45 |
| Dec 31, 2006 | 0.47 | 0.34 |
| Dec 31, 2005 | 0.45 | 0.37 |
Based on: 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).