Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

$24.99

Total Asset Turnover
since 2009

Microsoft Excel

Calculation

Broadcom Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).

1 US$ in millions


Net Revenue
Net revenue shows a consistent and substantial upward trend over the period analyzed. Starting from 1,484 million US dollars in 2009, revenue grew steadily, with particularly pronounced increases beginning from 2014 onwards. The most significant jumps occurred between 2015 and 2016, and again between 2023 and 2025, culminating in revenue exceeding 63,000 million US dollars by 2025. This pattern indicates strong growth momentum and expanding business operations over the years.
Total Assets
Total assets exhibit an overall increasing trend, although with notable volatility. Initial asset levels were relatively modest but showed a marked rise starting in 2014. A significant surge occurred between 2015 and 2016, when total assets nearly quadrupled. After peaking in 2021, assets slightly receded but remained elevated relative to earlier periods. Another substantial increase is observed toward 2025, with assets reaching over 171,000 million US dollars. This suggests strategic asset accumulation, possibly linked to investments or acquisitions.
Total Asset Turnover
The total asset turnover ratio shows a declining trend from a ratio of 0.75 in 2009 to a low point of 0.26 in 2016, implying decreasing efficiency in using assets to generate revenue during this period. After 2016, a gradual recovery is observed, with the ratio reaching approximately 0.49 in 2024 before slightly decreasing again by 2025. Despite this recovery, the ratio remains lower than early-period levels, which could reflect the impacts of rapid asset expansion outpacing revenue growth or a shift in business asset intensity.
Overall Analysis
While net revenue demonstrates robust and sustained growth, total assets have expanded even more dramatically, leading to reduced efficiency as measured by asset turnover in the mid-period. The recent partial rebound in asset turnover indicates some improvement in operational efficiency, but the ratio remains below earlier years. This dynamic suggests that the company is heavily investing in assets to support future growth but may face challenges in fully leveraging these assets for revenue generation at the same historical efficiency levels.

Comparison to Competitors

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

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Broadcom Inc., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).


Comparison to Industry (Information Technology)

Broadcom Inc., total asset turnover, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).