Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Broadcom Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-Q (reporting date: 2025-02-02), 10-K (reporting date: 2024-11-03), 10-Q (reporting date: 2024-08-04), 10-Q (reporting date: 2024-05-05), 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02).
The analysis of the financial ratios over the quarterly periods reveals distinct trends in asset management efficiency and equity utilization.
- Net Fixed Asset Turnover
- This ratio exhibits a consistent upward trend from 8.66 to 24.45 over the entire timeline, indicating an improvement in the company's ability to generate sales from its net fixed assets. The growth is steady, with a noticeable acceleration particularly in the later periods, reaching a peak of 24.45 in the most recent quarter. This suggests enhanced efficiency in asset usage or potentially increased sales relative to fixed asset investments.
- Total Asset Turnover
- The total asset turnover ratio shows gradual improvement initially, rising from 0.28 to 0.50 across several quarters, reflecting better overall asset utilization in generating revenue. However, a sharp decline occurs afterward, dropping to 0.22, before experiencing a recovery to 0.36 by the end of the period. This fluctuation might indicate a period of decreased efficiency or temporary decreases in sales relative to total assets, followed by a rebound.
- Equity Turnover
- Equity turnover starts at 0.93 and increases steadily to a high of 1.61, signaling more effective use of shareholders' equity to generate revenue. Similar to total asset turnover, there is a marked decline to 0.55 during the mid to later periods, possibly reflecting changes in profitability or equity base adjustments. Afterwards, the ratio recovers modestly, stabilizing around 0.82, which may imply a normalization of equity utilization following the dip.
Overall, the data indicate a strong and improving efficiency in utilizing fixed assets, while total asset and equity turnover ratios demonstrate more volatility with periods of both decline and recovery. This suggests that while fixed asset management has steadily improved, broader asset and equity utilization experienced challenges in the mid-term before returning towards previous levels.
Net Fixed Asset Turnover
Broadcom Inc., net fixed asset turnover calculation (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Nov 3, 2024 | Aug 4, 2024 | May 5, 2024 | Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 15,952) | 15,004) | 14,916) | 14,054) | 13,072) | 12,487) | 11,961) | 9,295) | 8,876) | 8,733) | 8,915) | 8,930) | 8,464) | 8,103) | 7,706) | 7,407) | 6,778) | 6,610) | 6,655) | 6,467) | 5,821) | 5,742) | 5,858) | |||||||
| Property, plant and equipment, net | 2,451) | 2,462) | 2,465) | 2,521) | 2,602) | 2,668) | 2,662) | 2,154) | 2,180) | 2,209) | 2,201) | 2,223) | 2,250) | 2,262) | 2,303) | 2,348) | 2,370) | 2,416) | 2,496) | 2,509) | 2,567) | 2,618) | 2,616) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 24.45 | 23.17 | 22.12 | 20.46 | 17.99 | 15.97 | 14.60 | 16.63 | 16.26 | 15.86 | 15.63 | 14.94 | 14.08 | 13.26 | 12.38 | 11.69 | 11.19 | 10.58 | 9.89 | 9.52 | 9.04 | 8.74 | 8.66 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 14.52 | 13.91 | 14.45 | 14.31 | 14.56 | 13.97 | 14.04 | 14.27 | 14.12 | 14.20 | 15.38 | 15.60 | 15.36 | 14.97 | 13.43 | 23.41 | 20.71 | 19.88 | 16.77 | — | — | — | — | |||||||
| Analog Devices Inc. | 3.15 | 2.94 | 2.78 | 2.76 | 2.86 | 3.06 | 3.52 | 3.82 | 4.39 | 4.69 | 4.98 | 5.00 | 5.09 | 4.66 | 4.14 | 3.70 | 5.54 | 5.34 | 5.19 | — | — | — | — | |||||||
| Applied Materials Inc. | 6.94 | 7.33 | 7.76 | 8.14 | 8.66 | 8.96 | 9.37 | 9.74 | 10.19 | 10.41 | 10.53 | 11.18 | 11.47 | 11.99 | 12.25 | 11.93 | 11.92 | 11.21 | 11.11 | 10.72 | 10.63 | 10.06 | 9.66 | |||||||
| Intel Corp. | 0.51 | 0.48 | 0.48 | 0.49 | 0.52 | 0.53 | 0.55 | 0.56 | 0.57 | 0.59 | 0.66 | 0.78 | 0.92 | 1.02 | 1.16 | 1.25 | 1.31 | 1.33 | 1.36 | — | — | — | — | |||||||
| KLA Corp. | 9.64 | 9.24 | 9.17 | 8.84 | 8.68 | 8.88 | 9.59 | 10.17 | 10.80 | 10.87 | 10.79 | 10.84 | 10.69 | 11.39 | 10.68 | 10.44 | 10.27 | 10.22 | 10.56 | — | — | — | — | |||||||
| Lam Research Corp. | 7.22 | 7.01 | 7.04 | 6.92 | 6.53 | 6.67 | 7.50 | 9.39 | 10.16 | 10.22 | 10.47 | 10.46 | 10.72 | 10.99 | 11.48 | 11.22 | 10.37 | 9.87 | 9.75 | — | — | — | — | |||||||
| Micron Technology Inc. | 0.76 | 0.74 | 0.70 | 0.63 | 0.56 | 0.49 | 0.43 | 0.41 | 0.47 | 0.59 | 0.69 | 0.80 | 0.88 | 0.86 | 0.84 | 0.83 | 0.79 | 0.74 | 0.68 | — | — | — | — | |||||||
| NVIDIA Corp. | 21.20 | 19.71 | 19.91 | 15.57 | 11.67 | 8.60 | 6.92 | 7.09 | 7.57 | 9.20 | 10.13 | 9.69 | 9.67 | 9.26 | 8.49 | 7.76 | 7.18 | 6.65 | 6.87 | — | — | — | — | |||||||
| Qualcomm Inc. | 9.62 | 9.59 | 9.12 | 8.35 | 7.87 | 7.71 | 7.40 | 7.10 | 7.40 | 7.78 | 8.24 | 8.55 | 8.36 | 8.02 | 7.63 | 7.36 | 7.36 | 7.03 | 6.62 | — | — | — | — | |||||||
| Texas Instruments Inc. | 1.40 | 1.35 | 1.36 | 1.38 | 1.33 | 1.44 | 1.61 | 1.75 | 1.94 | 2.21 | 2.54 | 2.91 | 3.11 | 3.30 | 3.49 | 3.57 | 4.37 | 4.56 | 4.49 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-Q (reporting date: 2025-02-02), 10-K (reporting date: 2024-11-03), 10-Q (reporting date: 2024-08-04), 10-Q (reporting date: 2024-05-05), 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02).
1 Q3 2025 Calculation
Net fixed asset turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Property, plant and equipment, net
= (15,952 + 15,004 + 14,916 + 14,054)
÷ 2,451 = 24.45
2 Click competitor name to see calculations.
The financial data reveals distinct trends in net revenue, property, plant and equipment, and net fixed asset turnover ratios over the analyzed periods.
- Net Revenue
-
Net revenue exhibits a consistent upward trajectory across the time series analyzed. Beginning at $5,858 million, there is steady growth with minor fluctuations until late 2023. From early 2024 onwards, revenue increases more sharply, reaching $15,952 million by August 2025, reflecting strong top-line expansion.
- Property, Plant and Equipment, Net (PP&E)
-
The net value of property, plant, and equipment generally declines from $2,616 million at the start to a low point around $2,154 million towards late 2023. There is a notable uptick in early 2024 to approximately $2,668 million, followed by a gradual decrease back to $2,451 million by August 2025. This pattern suggests possible asset disposals or depreciation effects initially, mid-term reinvestments or acquisitions, and modest reductions thereafter.
- Net Fixed Asset Turnover Ratio
-
The net fixed asset turnover ratio, measuring revenue generated per dollar of fixed assets, steadily increases from 8.66 up to 16.63 by late 2023. After a slight decline to 14.6, it then accelerates sharply, peaking at 24.45 in August 2025. This indicates increased efficiency in utilizing fixed assets to generate revenue over time, particularly notable in the last few periods where revenue growth outpaces asset base expansion.
Overall, the data illustrates robust revenue growth supported by increasing operational efficiency in the use of fixed assets, despite fluctuations in the asset base. This implies effective management of capital assets and strong market performance during the periods examined.
Total Asset Turnover
Broadcom Inc., total asset turnover calculation (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Nov 3, 2024 | Aug 4, 2024 | May 5, 2024 | Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 15,952) | 15,004) | 14,916) | 14,054) | 13,072) | 12,487) | 11,961) | 9,295) | 8,876) | 8,733) | 8,915) | 8,930) | 8,464) | 8,103) | 7,706) | 7,407) | 6,778) | 6,610) | 6,655) | 6,467) | 5,821) | 5,742) | 5,858) | |||||||
| Total assets | 165,621) | 164,630) | 165,358) | 165,645) | 167,966) | 175,211) | 177,870) | 72,861) | 71,595) | 71,667) | 72,976) | 73,249) | 71,326) | 71,719) | 73,224) | 75,570) | 75,880) | 75,524) | 76,972) | 75,933) | 79,298) | 81,548) | 81,006) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Total asset turnover1 | 0.36 | 0.35 | 0.33 | 0.31 | 0.28 | 0.24 | 0.22 | 0.49 | 0.50 | 0.49 | 0.47 | 0.45 | 0.44 | 0.42 | 0.39 | 0.36 | 0.35 | 0.34 | 0.32 | 0.31 | 0.29 | 0.28 | 0.28 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 0.42 | 0.40 | 0.39 | 0.37 | 0.35 | 0.34 | 0.34 | 0.33 | 0.33 | 0.32 | 0.34 | 0.35 | 0.34 | 0.32 | 0.28 | 1.32 | 1.33 | 1.25 | 1.14 | — | — | — | — | |||||||
| Analog Devices Inc. | 0.22 | 0.21 | 0.19 | 0.20 | 0.20 | 0.21 | 0.24 | 0.25 | 0.26 | 0.26 | 0.25 | 0.24 | 0.22 | 0.19 | 0.16 | 0.14 | 0.30 | 0.29 | 0.27 | — | — | — | — | |||||||
| Applied Materials Inc. | 0.84 | 0.84 | 0.83 | 0.79 | 0.80 | 0.83 | 0.84 | 0.86 | 0.87 | 0.92 | 0.94 | 0.96 | 0.96 | 0.98 | 0.95 | 0.89 | 0.88 | 0.82 | 0.78 | 0.77 | 0.77 | 0.71 | 0.76 | |||||||
| Intel Corp. | 0.26 | 0.28 | 0.28 | 0.27 | 0.28 | 0.27 | 0.29 | 0.28 | 0.28 | 0.29 | 0.30 | 0.35 | 0.40 | 0.43 | 0.44 | 0.47 | 0.47 | 0.50 | 0.52 | — | — | — | — | |||||||
| KLA Corp. | 0.76 | 0.72 | 0.65 | 0.64 | 0.64 | 0.68 | 0.72 | 0.75 | 0.78 | 0.76 | 0.75 | 0.73 | 0.72 | 0.70 | 0.67 | 0.67 | 0.65 | 0.62 | 0.64 | — | — | — | — | |||||||
| Lam Research Corp. | 0.86 | 0.82 | 0.80 | 0.80 | 0.78 | 0.76 | 0.85 | 0.93 | 0.98 | 0.99 | 0.96 | 1.00 | 1.01 | 0.99 | 1.01 | 0.92 | 0.87 | 0.78 | 0.73 | — | — | — | — | |||||||
| Micron Technology Inc. | 0.43 | 0.43 | 0.41 | 0.36 | 0.32 | 0.28 | 0.25 | 0.24 | 0.28 | 0.35 | 0.40 | 0.46 | 0.50 | 0.49 | 0.48 | 0.47 | 0.46 | 0.43 | 0.41 | — | — | — | — | |||||||
| NVIDIA Corp. | 1.18 | 1.13 | 1.04 | 0.93 | 0.83 | 0.66 | 0.58 | 0.65 | 0.71 | 0.68 | 0.65 | 0.61 | 0.60 | 0.57 | 0.63 | 0.58 | 0.55 | 0.52 | 0.51 | — | — | — | — | |||||||
| Qualcomm Inc. | 0.79 | 0.76 | 0.73 | 0.71 | 0.71 | 0.68 | 0.70 | 0.70 | 0.79 | 0.85 | 0.86 | 0.90 | 0.90 | 0.89 | 0.84 | 0.81 | 0.84 | 0.79 | 0.71 | — | — | — | — | |||||||
| Texas Instruments Inc. | 0.49 | 0.48 | 0.48 | 0.44 | 0.44 | 0.46 | 0.48 | 0.54 | 0.57 | 0.61 | 0.67 | 0.74 | 0.77 | 0.79 | 0.75 | 0.74 | 0.76 | 0.81 | 0.79 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-Q (reporting date: 2025-02-02), 10-K (reporting date: 2024-11-03), 10-Q (reporting date: 2024-08-04), 10-Q (reporting date: 2024-05-05), 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02).
1 Q3 2025 Calculation
Total asset turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Total assets
= (15,952 + 15,004 + 14,916 + 14,054)
÷ 165,621 = 0.36
2 Click competitor name to see calculations.
The financial data reveals several notable trends in revenue, assets, and efficiency over the observed periods.
- Net Revenue
- Net revenue exhibits a general upward trend throughout the timeline. Beginning at approximately 5.9 billion USD in early 2020, revenue gradually increased with minor fluctuations, surpassing 9 billion USD by early 2023. A significant acceleration occurred from early 2024 onward, with quarterly revenues exceeding 15 billion USD by the mid-2025 period. This indicates strong growth momentum, particularly in the latter stages of the timeline.
- Total Assets
- Total assets initially show a mild declining trend from around 81 billion USD in early 2020 to approximately 71 billion USD by mid-2022. This decline stabilizes and assets fluctuate within a narrow range through 2023. Beginning in early 2024, there is a substantial increase in total assets, nearly doubling to about 177 billion USD, before showing slight decreases but remaining elevated through mid-2025. This suggests a significant investment phase or acquisition activity occurring in early 2024.
- Total Asset Turnover
- The total asset turnover ratio, which measures efficiency in generating revenue from assets, trends upward from 0.28 in early 2020 to approximately 0.5 around late 2023. This improvement indicates enhanced operational efficiency and better utilization of assets during this period. However, starting in early 2024, the ratio declines sharply to around 0.22, followed by a gradual recovery to about 0.36 by mid-2025. This pattern may reflect the impact of the asset base expansion seen during the same timeframe, where asset growth outpaced revenue increases temporarily, thus reducing turnover efficiency before adjustment.
In summary, net revenue shows sustained growth across the years with marked acceleration in 2024 and beyond. Total assets decrease initially but then surge significantly in early 2024, indicating possible strategic developments. Correspondingly, asset turnover improves steadily until the asset increase phase, after which it temporarily declines before partial recovery, demonstrating the dynamic balance between asset expansion and revenue generation efficiency.
Equity Turnover
Broadcom Inc., equity turnover calculation (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Nov 3, 2024 | Aug 4, 2024 | May 5, 2024 | Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 15,952) | 15,004) | 14,916) | 14,054) | 13,072) | 12,487) | 11,961) | 9,295) | 8,876) | 8,733) | 8,915) | 8,930) | 8,464) | 8,103) | 7,706) | 7,407) | 6,778) | 6,610) | 6,655) | 6,467) | 5,821) | 5,742) | 5,858) | |||||||
| Stockholders’ equity | 73,277) | 69,586) | 69,789) | 67,678) | 65,651) | 69,961) | 70,284) | 23,988) | 22,079) | 22,007) | 23,310) | 22,709) | 20,876) | 20,963) | 22,968) | 24,962) | 24,340) | 23,939) | 23,973) | 23,874) | 23,557) | 23,942) | 24,368) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Equity turnover1 | 0.82 | 0.82 | 0.78 | 0.76 | 0.71 | 0.61 | 0.55 | 1.49 | 1.61 | 1.59 | 1.48 | 1.46 | 1.52 | 1.43 | 1.24 | 1.10 | 1.09 | 1.07 | 1.03 | 1.00 | 0.98 | 0.96 | 0.93 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 0.53 | 0.50 | 0.48 | 0.45 | 0.43 | 0.41 | 0.41 | 0.41 | 0.40 | 0.40 | 0.42 | 0.43 | 0.42 | 0.39 | 0.34 | 2.19 | 2.08 | 1.89 | 1.76 | — | — | — | — | |||||||
| Analog Devices Inc. | 0.30 | 0.28 | 0.27 | 0.27 | 0.28 | 0.30 | 0.33 | 0.35 | 0.36 | 0.36 | 0.34 | 0.33 | 0.30 | 0.26 | 0.23 | 0.19 | 0.53 | 0.51 | 0.48 | — | — | — | — | |||||||
| Applied Materials Inc. | 1.47 | 1.48 | 1.48 | 1.43 | 1.43 | 1.46 | 1.52 | 1.62 | 1.76 | 1.89 | 1.96 | 2.11 | 2.08 | 2.14 | 2.03 | 1.88 | 1.79 | 1.65 | 1.59 | 1.63 | 1.70 | 1.71 | 1.73 | |||||||
| Intel Corp. | 0.50 | 0.54 | 0.53 | 0.53 | 0.55 | 0.48 | 0.52 | 0.51 | 0.52 | 0.53 | 0.58 | 0.62 | 0.70 | 0.73 | 0.75 | 0.83 | 0.87 | 0.91 | 0.97 | — | — | — | — | |||||||
| KLA Corp. | 2.88 | 3.03 | 2.88 | 2.91 | 3.10 | 3.18 | 3.40 | 3.59 | 3.96 | 4.03 | 4.69 | 6.57 | 2.12 | 2.02 | 1.93 | 2.05 | 2.07 | 2.07 | 2.16 | — | — | — | — | |||||||
| Lam Research Corp. | 1.80 | 1.84 | 1.84 | 1.75 | 1.78 | 1.74 | 1.97 | 2.12 | 2.24 | 2.29 | 2.43 | 2.74 | 2.78 | 2.55 | 2.71 | 2.43 | 2.47 | 2.17 | 2.04 | — | — | — | — | |||||||
| Micron Technology Inc. | 0.67 | 0.64 | 0.62 | 0.56 | 0.48 | 0.42 | 0.38 | 0.35 | 0.40 | 0.49 | 0.55 | 0.62 | 0.66 | 0.65 | 0.65 | 0.63 | 0.60 | 0.58 | 0.55 | — | — | — | — | |||||||
| NVIDIA Corp. | 1.72 | 1.66 | 1.62 | 1.42 | 1.35 | 1.19 | 1.06 | 1.22 | 1.34 | 1.25 | 1.12 | 1.01 | 1.02 | 1.04 | 1.03 | 0.99 | 0.96 | 0.94 | 0.90 | — | — | — | — | |||||||
| Qualcomm Inc. | 1.59 | 1.53 | 1.51 | 1.48 | 1.51 | 1.49 | 1.57 | 1.66 | 1.87 | 2.08 | 2.28 | 2.45 | 2.63 | 2.95 | 3.18 | 3.37 | 3.98 | 3.96 | 3.62 | — | — | — | — | |||||||
| Texas Instruments Inc. | 1.04 | 1.02 | 0.98 | 0.93 | 0.91 | 0.93 | 0.99 | 1.04 | 1.09 | 1.18 | 1.28 | 1.37 | 1.39 | 1.39 | 1.35 | 1.38 | 1.45 | 1.50 | 1.52 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-Q (reporting date: 2025-02-02), 10-K (reporting date: 2024-11-03), 10-Q (reporting date: 2024-08-04), 10-Q (reporting date: 2024-05-05), 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02).
1 Q3 2025 Calculation
Equity turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Stockholders’ equity
= (15,952 + 15,004 + 14,916 + 14,054)
÷ 73,277 = 0.82
2 Click competitor name to see calculations.
The analysis of the financial data reveals clear trends and fluctuations over the presented periods. The net revenue demonstrates a generally upward trajectory, indicating consistent growth in sales or service income over time. From the initial figures around 5,858 million US dollars, the revenue steadily increases, reaching peaks beyond 15,000 million US dollars in the latest periods. This growth is only occasionally interrupted by minor declines, reflecting overall positive business performance and effective revenue generation strategies.
Conversely, stockholders’ equity exhibits notable volatility throughout the periods. Starting around 24,368 million US dollars, it shows a declining trend during certain intervals, particularly after late 2021 where a sharp increase is observed, followed by a gradual decrease and subsequent fluctuations. The significant jump to over 70,000 million US dollars near the middle of the timeline followed by a downward adjustment suggests possible accounting changes, equity issuance, share buybacks, or other corporate actions impacting equity levels. These considerable variations warrant further investigation to understand the underlying causes and implications on the company’s financial stability.
The equity turnover ratio initially displays a gradual increase, climbing from approximately 0.93 to a peak of about 1.61, indicating enhanced efficiency in using equity to generate revenue during earlier periods. However, after this peak, the ratio experiences a considerable decline, reaching values near 0.55 before slightly recovering to stabilize around 0.82. This shift indicates variations in operational efficiency or capital structure changes affecting the relationship between net revenue and equity. The decline in this ratio in later periods could signal less efficient equity utilization or a rapid increase in equity relative to revenue.
- Net Revenue
- Shows steady growth over time, with values more than doubling by the end of the period.
- Stockholders’ Equity
- Displays significant volatility including sharp increases and decreases, suggesting corporate actions or financial adjustments impacting equity levels.
- Equity Turnover Ratio
- Initially increases, indicating improving efficiency, followed by a marked decline and stabilization, reflecting changing efficiency dynamics or capital structure variations.
Overall, the data suggests a company experiencing robust revenue growth alongside significant shifts in equity and equity utilization efficiency. These insights highlight the need to further examine corporate actions and operational factors influencing equity changes and efficiency ratios to assess future financial health comprehensively.