Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

$24.99

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

Broadcom Inc., asset turnover by geographic area

Microsoft Excel
Nov 2, 2025 Nov 3, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020
United States
Taiwan
Foreign countries

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).


United States Asset Turnover
The asset turnover ratio for the United States exhibits a clear upward trend over the observed periods, increasing steadily from 2.88 in late 2020 to 9.73 in late 2025. This represents more than a threefold increase over the timeline, indicating improved efficiency in utilizing assets within this geographic area. The growth appears consistent year-over-year, with no significant fluctuations or declines.
Taiwan Asset Turnover
Data for Taiwan is only available for the final period, showing a notably high asset turnover ratio of 14.46 as of late 2025. This single data point indicates a potentially strong performance or a significant operational scale-up in this region at that time, although the absence of historical data prevents analysis of trends or comparative growth rates.
Foreign Countries Asset Turnover
The asset turnover ratio for other foreign countries also demonstrates a significant upward trajectory, growing from 33.82 in late 2020 to 105.76 in late 2025. This represents an increase of more than threefold, suggesting rapidly improving asset utilization and possibly expansion in these markets. The consistent increase across all periods reflects strong operational performance and potentially heightened focus on these regions.
Overall Insights
Across the observed geographic areas, asset turnover ratios show substantial improvement, with foreign markets, including the United States and other foreign countries, exhibiting strong growth in asset utilization efficiency. The exceptionally high values and growth rates in foreign countries compared to the United States suggest a more intensive or accelerated operational activity outside the domestic market. The recent data for Taiwan points to a high asset turnover ratio, hinting at a significant role in the company’s asset utilization strategy moving forward. The consistency of growth signals effective management of assets and expansion across key geographic areas.

Area Asset Turnover: United States

Broadcom Inc.; United States; area asset turnover calculation

Microsoft Excel
Nov 2, 2025 Nov 3, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020
Selected Financial Data (US$ in millions)
Net revenue
Long-lived assets
Area Activity Ratio
Area asset turnover1

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).

1 2025 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= ÷ =


The analysis of the annual data for the United States geographic area reveals notable trends in net revenue, long-lived assets, and area asset turnover over the specified periods.

Net Revenue
Net revenue demonstrates a consistent upward trajectory throughout the years. Beginning at 4,778 million US dollars in the 2020 period, it steadily increases each year, reaching 16,506 million US dollars by the 2025 period. This represents a significant growth, particularly marked by a sharp rise between 2023 and 2025, where revenue nearly doubles from 6,975 to 12,887 million, followed by continued strong growth to 16,506 million.
Long-lived Assets
In contrast to net revenue, the value of long-lived assets shows a more variable pattern. Starting at 1,659 million US dollars in 2020, there is a gradual decline observed through the 2023 period, falling to 1,371 million US dollars. However, this trend reverses afterward, with long-lived assets increasing again to 1,685 million in 2024 and slightly further to 1,697 million in 2025. Despite the fluctuation, the overall level of long-lived assets remains relatively stable across the time frame when compared to the dramatic rise in revenues.
Area Asset Turnover
The area asset turnover ratio reflects the efficiency of asset utilization to generate revenue and shows a strong upward trend. Starting from 2.88 in 2020, the ratio grows continuously, accelerating particularly after 2022. By 2023, it reaches 5.09, then jumps significantly to 7.65 in 2024, and peaks at 9.73 in 2025. This sharp increase indicates that the company is generating much higher revenue per unit of long-lived asset in the latter years, suggesting improved operational efficiency and effective management of asset resources relative to revenue growth.

Overall, the data illustrate a rapidly growing revenue base within the United States market, accompanied by a stable asset base that, when combined with increasing area asset turnover, points to enhanced asset utilization and operational efficiency over the analyzed periods.


Area Asset Turnover: Taiwan

Broadcom Inc.; Taiwan; area asset turnover calculation

Microsoft Excel
Nov 2, 2025 Nov 3, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020
Selected Financial Data (US$ in millions)
Net revenue
Long-lived assets
Area Activity Ratio
Area asset turnover1

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).

1 2025 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= ÷ =


The financial data related to the Taiwan geographic area demonstrates limited but noteworthy trends over the examined periods.

Net Revenue
The net revenue figure, reported only for the most recent period, stands at US$6,451 million. Without previous period data, it is not possible to assess growth or decline trends in revenue within this geographic area.
Long-lived Assets
The values for long-lived assets show a consistent upward trend across the periods from approximately US$285 million in late 2020 to US$446 million by late 2025. This increase suggests ongoing investment or asset accumulation in Taiwan, reflecting expansion or modernization in this location over the five-year span. The growth is steady, without abrupt changes, indicating stable asset management.
Area Asset Turnover
An area asset turnover ratio of 14.46 is reported only for the latest period (Nov 2, 2025). This high ratio indicates strong efficiency in utilizing assets in Taiwan to generate sales during that period. However, the absence of historical data prevents trend analysis over time.

In summary, the available figures disclose a stable increase in long-lived assets in Taiwan and strong asset efficiency in the last reported year. The presence of only a single revenue and turnover data point limits the ability to assess temporal trends in sales performance and asset utilization ratios. Further data would be needed for a more comprehensive analysis of revenue and operational efficiency trends in this specific geographic segment.


Area Asset Turnover: Foreign countries

Broadcom Inc.; Foreign countries; area asset turnover calculation

Microsoft Excel
Nov 2, 2025 Nov 3, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020
Selected Financial Data (US$ in millions)
Net revenue
Long-lived assets
Area Activity Ratio
Area asset turnover1

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).

1 2025 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= ÷ =


Net revenue
The net revenue from foreign countries demonstrates a steady and significant upward trend over the observed period. Starting at 19,110 million US dollars, the revenue increased each year, reaching 40,930 million US dollars by the final period. Notably, the most substantial increase occurred between 2023 and 2024, where revenue grew from 28,844 million to 38,687 million US dollars, indicating accelerated growth in recent years.
Long-lived assets
The value of long-lived assets shows a declining trend throughout the time frame. Beginning at 565 million US dollars, the assets consistently decreased each year, settling at 387 million US dollars in the latest period. This trend suggests possible asset disposals, amortization, or a reduced focus on fixed asset investments in foreign countries during this time.
Area asset turnover
The area asset turnover ratio, which measures the efficiency of asset usage to generate revenue, exhibits a strong upward trend. The ratio increased significantly from 33.82 in 2020 to 105.76 in 2025, more than tripling over this period. This reflects an improving efficiency in utilizing foreign-based assets to generate revenue, likely influenced by both increasing revenues and decreasing asset values.
Summary and insights
The overall trends suggest robust growth in revenues from foreign operations while the asset base supporting these operations has declined. The rising asset turnover ratio confirms enhanced operational efficiency in capitalizing foreign assets to drive revenue growth. This combination may indicate strategic asset optimization or reallocation in foreign markets accompanying expanding sales.

Net revenue

Broadcom Inc., net revenue by geographic area

US$ in millions

Microsoft Excel
Nov 2, 2025 Nov 3, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020
United States
Taiwan
Foreign countries
Total

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).


Overall Revenue Growth
The total net revenue demonstrated consistent growth over the observed periods, increasing from $23,888 million in 2020 to $63,887 million by 2025. This represents a substantial expansion, particularly notable in the latter years.
United States Revenue Trends
Net revenue generated from the United States showed a steady upward trajectory from 2020 through 2025, rising from $4,778 million to $16,506 million. The growth rate accelerated significantly between 2023 and 2025, indicating an increased contribution from the domestic market during these years.
Taiwan Revenue Introduction
Revenue reported from Taiwan appears only in 2025, with a recorded value of $6,451 million. This new geographic contribution suggests either the initiation of operations or a new reporting classification starting in 2025, reflecting diversification or expansion in this region.
Foreign Countries Revenue Pattern
Revenue from foreign countries excluding the United States and Taiwan showed consistent growth over the years. From $19,110 million in 2020, it rose steadily to $40,930 million in 2025. Although growth is steady, the pace of increase appears to moderate slightly in the most recent years compared to earlier periods.
Geographic Revenue Composition Shift
Throughout the timeframe, the share of revenue from the United States and foreign countries combined constitutes the entirety of the total net revenue, with Taiwan entering late. While foreign countries dominate the revenue mix initially, the United States exhibits a relatively faster growth rate, leading to a more balanced geographic revenue distribution over time. The inclusion of Taiwan further diversifies the revenue streams in 2025.
Implications
The data indicates strong growth momentum across geographic segments, with acceleration in domestic revenue and emerging contributions from Taiwan. This diversification and expansion could reflect strategic investments and increasing market penetration both domestically and internationally.

Long-lived assets

Broadcom Inc., long-lived assets by geographic area

US$ in millions

Microsoft Excel
Nov 2, 2025 Nov 3, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020
United States
Taiwan
Foreign countries
Total

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).


United States
The value of long-lived assets in the United States exhibited a declining trend from 1659 million US dollars in November 2020 to 1371 million US dollars in October 2023. However, from October 2023 onwards, there was a noticeable increase reaching 1685 million US dollars in November 2024 and slightly further to 1697 million US dollars by November 2025. This indicates a period of contraction followed by recovery and growth in U.S.-based long-lived assets.
Taiwan
Long-lived assets in Taiwan showed consistent growth throughout the entire period. Starting at 285 million US dollars in November 2020, the values increased steadily each year, culminating at 446 million US dollars in November 2025. This reflects a continuous expansion of assets in this geographic area, indicating increasing investment or asset acquisition activities.
Foreign Countries
Assets categorized under foreign countries, excluding the United States and Taiwan, demonstrated a general downward trend. From 565 million US dollars in November 2020, the value declined almost continuously, with a slight uptick in November 2024 to 471 million US dollars, before dropping again to 387 million US dollars by November 2025. The decline suggests a reduction or divestment in long-lived assets in these regions over the analyzed timeframe.
Total Long-lived Assets
The total long-lived assets mirrored the overall trends of the individual regions. Total assets decreased from 2509 million US dollars in November 2020 to a low of 2154 million US dollars in October 2023, followed by a recovery to 2530 million US dollars by November 2025. This pattern reflects the combined effects of decreases primarily in the United States and other foreign countries balanced by the consistent asset growth in Taiwan. The latest values indicate a return to, and slight surpassing of, the asset levels observed at the beginning of the period.