Total Asset Turnover
since 2005
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- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
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Calculation
Apple Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Sep 28, 2024 | = | ÷ | |||
| Sep 30, 2023 | = | ÷ | |||
| Sep 24, 2022 | = | ÷ | |||
| Sep 25, 2021 | = | ÷ | |||
| Sep 26, 2020 | = | ÷ | |||
| Sep 28, 2019 | = | ÷ | |||
| Sep 29, 2018 | = | ÷ | |||
| Sep 30, 2017 | = | ÷ | |||
| Sep 24, 2016 | = | ÷ | |||
| Sep 26, 2015 | = | ÷ | |||
| Sep 27, 2014 | = | ÷ | |||
| Sep 28, 2013 | = | ÷ | |||
| Sep 29, 2012 | = | ÷ | |||
| Sep 24, 2011 | = | ÷ | |||
| Sep 25, 2010 | = | ÷ | |||
| Sep 26, 2009 | = | ÷ | |||
| Sep 27, 2008 | = | ÷ | |||
| Sep 29, 2007 | = | ÷ | |||
| Sep 30, 2006 | = | ÷ | |||
| Sep 24, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).
1 US$ in millions
The analysis of the financial data reveals several notable trends over the examined periods.
- Net Sales
- Net sales exhibited a consistent upward trajectory from 2005 through 2021, growing from approximately 13.9 billion USD to a peak of about 365.8 billion USD in 2021. Although there was a slight decline in subsequent years, with sales decreasing to around 383.3 billion USD in 2023, the figure rebounded slightly to approximately 391.0 billion USD by 2024. This pattern indicates robust growth with some recent fluctuations but generally maintaining high revenue levels.
- Total Assets
- Total assets expanded significantly over the period, increasing from about 11.6 billion USD in 2005 to approximately 352.8 billion USD in 2022. There was a marginal decline in assets during the years following 2017 up to 2020, but the asset base stabilized and increased again towards 2024, reaching close to 365.0 billion USD. This demonstrates a general trend of asset accumulation aligned with the growth in sales.
- Total Asset Turnover
- The total asset turnover ratio, representing the efficiency of assets in generating sales, showed a declining trend from 2005 (1.21) through 2016 (0.67), reflecting reduced efficiency during a period of substantial asset growth. However, from 2017 onward, there was a noticeable improvement in asset turnover, climbing back to values above 1.0 in 2021 (1.04), peaking at 1.12 in 2022, and slightly decreasing thereafter but maintaining levels near 1.07 in 2024. This suggests a recovery in operational efficiency and better utilization of assets in recent years.
In summary, the data indicate strong growth in net sales and total assets over nearly two decades, with an initial decline and subsequent recovery in asset turnover ratios. The recent improvement in asset turnover alongside high sales and a stable asset base reflects enhanced operational performance and asset management efficiency.
Comparison to Competitors
Apple Inc., total asset turnover, long-term trends, comparison to competitors
| Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|
| Sep 28, 2024 | |||||
| Sep 30, 2023 | |||||
| Sep 24, 2022 | |||||
| Sep 25, 2021 | |||||
| Sep 26, 2020 | |||||
| Sep 28, 2019 | |||||
| Sep 29, 2018 | |||||
| Sep 30, 2017 | |||||
| Sep 24, 2016 | |||||
| Sep 26, 2015 | |||||
| Sep 27, 2014 | |||||
| Sep 28, 2013 | |||||
| Sep 29, 2012 | |||||
| Sep 24, 2011 | |||||
| Sep 25, 2010 | |||||
| Sep 26, 2009 | |||||
| Sep 27, 2008 | |||||
| Sep 29, 2007 | |||||
| Sep 30, 2006 | |||||
| Sep 24, 2005 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).
Comparison to Sector (Technology Hardware & Equipment)
Apple Inc., total asset turnover, long-term trends, comparison to sector (technology hardware & equipment)
| Apple Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Sep 28, 2024 | ||
| Sep 30, 2023 | ||
| Sep 24, 2022 | ||
| Sep 25, 2021 | ||
| Sep 26, 2020 | ||
| Sep 28, 2019 | ||
| Sep 29, 2018 | ||
| Sep 30, 2017 | ||
| Sep 24, 2016 | ||
| Sep 26, 2015 | ||
| Sep 27, 2014 | ||
| Sep 28, 2013 | ||
| Sep 29, 2012 | ||
| Sep 24, 2011 | ||
| Sep 25, 2010 | ||
| Sep 26, 2009 | ||
| Sep 27, 2008 | ||
| Sep 29, 2007 | ||
| Sep 30, 2006 | ||
| Sep 24, 2005 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).
Comparison to Industry (Information Technology)
Apple Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Apple Inc. | Information Technology | |
|---|---|---|
| Sep 28, 2024 | ||
| Sep 30, 2023 | ||
| Sep 24, 2022 | ||
| Sep 25, 2021 | ||
| Sep 26, 2020 | ||
| Sep 28, 2019 | ||
| Sep 29, 2018 | ||
| Sep 30, 2017 | ||
| Sep 24, 2016 | ||
| Sep 26, 2015 | ||
| Sep 27, 2014 | ||
| Sep 28, 2013 | ||
| Sep 29, 2012 | ||
| Sep 24, 2011 | ||
| Sep 25, 2010 | ||
| Sep 26, 2009 | ||
| Sep 27, 2008 | ||
| Sep 29, 2007 | ||
| Sep 30, 2006 | ||
| Sep 24, 2005 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).