Stock Analysis on Net
Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Total Asset Turnover 
since 2005

Microsoft Excel

Calculation

Intel Corp., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Net revenue1 ÷ Total assets1
Dec 28, 2024 0.27 = 53,101 ÷ 196,485
Dec 30, 2023 0.28 = 54,228 ÷ 191,572
Dec 31, 2022 0.35 = 63,054 ÷ 182,103
Dec 25, 2021 0.47 = 79,024 ÷ 168,406
Dec 26, 2020 0.51 = 77,867 ÷ 153,091
Dec 28, 2019 0.53 = 71,965 ÷ 136,524
Dec 29, 2018 0.55 = 70,848 ÷ 127,963
Dec 30, 2017 0.51 = 62,761 ÷ 123,249
Dec 31, 2016 0.52 = 59,387 ÷ 113,327
Dec 26, 2015 0.54 = 55,355 ÷ 103,065
Dec 27, 2014 0.61 = 55,870 ÷ 91,956
Dec 28, 2013 0.57 = 52,708 ÷ 92,358
Dec 29, 2012 0.63 = 53,341 ÷ 84,351
Dec 31, 2011 0.76 = 53,999 ÷ 71,119
Dec 25, 2010 0.69 = 43,623 ÷ 63,186
Dec 26, 2009 0.66 = 35,127 ÷ 53,095
Dec 27, 2008 0.74 = 37,586 ÷ 50,715
Dec 29, 2007 0.69 = 38,334 ÷ 55,651
Dec 30, 2006 0.73 = 35,382 ÷ 48,368
Dec 31, 2005 0.80 = 38,826 ÷ 48,314

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Net Revenue

The net revenue exhibited variability over the periods analyzed, starting at $38,826 million in 2005 and experiencing a decline through 2009, reaching a low of $35,127 million. Subsequently, revenue increased sharply, peaking around 2021 at approximately $79,024 million. After this peak, revenue demonstrated a downward trend for the last two years, settling near $53,101 million in 2024.

This pattern shows an overall growth trend from 2009 to 2021, followed by a notable contraction towards the end of the period, indicating potential operational or market challenges in the most recent years.

Total Assets

Total assets generally increased throughout the period, beginning at $48,314 million in 2005 and growing steadily to $196,485 million in 2024. This indicates significant asset accumulation and expansion over nearly two decades.

The increases were consistent, with particular acceleration visible starting around 2010 and continuing through 2024, highlighting ongoing investment or acquisitions contributing to asset base growth.

Total Asset Turnover

The total asset turnover ratio showed a declining trend over the analyzed timeframe. Starting at 0.80 in 2005, it dropped to 0.27 by 2024, indicating a decreasing efficiency in generating sales from assets.

This downward movement suggests that while asset base increased substantially, net revenue did not keep pace proportionately, resulting in reduced turnover ratios. The most significant declines occurred after 2017, reinforcing the trend toward diminished asset productivity.

Summary

The financial data presents a scenario where asset growth was strong and consistent, but revenue growth was irregular, with growth phases interrupted by declines in recent years. The declining asset turnover ratio underscores a reduction in the efficiency with which assets are utilized to generate revenue.

This may be indicative of strategic shifts, investment in long-term assets not yet fully productive, or market pressures affecting sales generation. The divergence between growing assets and slowing revenue growth warrants further investigation to optimize asset utilization and restore growth momentum.

Comparison to Competitors

Intel Corp., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Intel Corp. Advanced Micro Devices Inc. Analog Devices Inc. Applied Materials Inc. Broadcom Inc. KLA Corp. Lam Research Corp. Micron Technology Inc. Monolithic Power Systems Inc. NVIDIA Corp. Qualcomm Inc. Texas Instruments Inc.
Dec 28, 2024 0.27 0.37 0.20 0.79 0.31 0.64 0.80 0.36 0.61 0.93 0.71 0.44
Dec 30, 2023 0.28 0.33 0.25 0.86 0.49 0.75 0.93 0.24 0.75 0.65 0.70 0.54
Dec 31, 2022 0.35 0.35 0.24 0.96 0.45 0.73 1.00 0.46 0.87 0.61 0.90 0.74
Dec 25, 2021 0.47 1.32 0.14 0.89 0.36 0.67 0.92 0.47 0.76 0.58 0.81 0.74
Dec 26, 2020 0.51 1.09 0.26 0.77 0.31 0.63 0.69 0.40 0.70 0.63 0.66 0.75
Dec 28, 2019 0.53 1.12 0.28 0.77 0.33 0.51 0.80 0.48 0.66 0.88 0.74 0.80
Dec 29, 2018 0.55 1.42 0.30 0.97 0.42 0.72 0.89 0.70 0.73 0.86 0.70 0.92
Dec 30, 2017 0.51 1.51 0.24 0.75 0.32 0.63 0.66 0.58 0.72 0.70 0.34 0.85
Dec 31, 2016 0.52 1.29 0.43 0.74 0.26 0.60 0.48 0.45 0.76 0.68 0.45 0.81
Dec 26, 2015 0.54 1.28 0.49 0.63 0.64 0.58 0.56 0.67 0.77 0.65 0.50 0.80
Dec 27, 2014 0.61 1.46 0.42 0.69 0.41 0.53 0.58 0.73 0.71 0.57 0.55 0.74
Dec 28, 2013 0.57 1.22 0.41 0.62 0.74 0.54 0.50 0.47 0.65 0.67 0.55 0.64
Dec 29, 2012 0.63 1.36 0.48 0.72 0.83 0.62 0.33 0.57 0.74 0.72 0.44 0.64
Dec 31, 2011 0.76 1.33 0.57 0.76 0.96 0.68 0.80 0.60 0.72 0.79 0.41 0.67
Dec 25, 2010 0.69 1.31 0.64 0.87 0.97 0.47 0.86 0.58 0.78 0.93 0.36 1.04
Dec 26, 2009 0.66 0.60 0.59 0.52 0.75 0.42 0.57 0.42 0.68 1.02 0.38 0.86
Dec 27, 2008 0.74 0.76 0.84 0.74 — 0.52 0.88 0.43 0.82 1.09 0.45 1.05
Dec 29, 2007 0.69 0.52 0.86 0.91 — 0.59 1.22 0.38 0.78 1.15 0.48 1.09
Dec 30, 2006 0.73 0.43 0.65 0.97 — 0.45 0.71 0.43 0.90 1.24 0.49 1.02
Dec 31, 2005 0.80 0.80 0.52 0.62 — 0.52 1.04 0.61 0.98 1.23 0.45 0.89

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Semiconductors & Semiconductor Equipment)

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

Microsoft Excel
Intel Corp. Semiconductors & Semiconductor Equipment
Dec 28, 2024 0.27 0.43
Dec 30, 2023 0.28 0.44
Dec 31, 2022 0.35 0.50
Dec 25, 2021 0.47 0.53
Dec 26, 2020 0.51 0.51
Dec 28, 2019 0.53 0.55
Dec 29, 2018 0.55 0.63
Dec 30, 2017 0.51 0.49
Dec 31, 2016 0.52 0.50
Dec 26, 2015 0.54 0.58
Dec 27, 2014 0.61 0.62
Dec 28, 2013 0.57 0.58
Dec 29, 2012 0.63 0.60
Dec 31, 2011 0.76 0.68
Dec 25, 2010 0.69 0.68
Dec 26, 2009 0.66 0.59
Dec 27, 2008 0.74 0.69
Dec 29, 2007 0.69 0.69
Dec 30, 2006 0.73 0.69
Dec 31, 2005 0.80 0.73

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Information Technology)

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

Microsoft Excel
Intel Corp. Information Technology
Dec 28, 2024 0.27 0.58
Dec 30, 2023 0.28 0.61
Dec 31, 2022 0.35 0.65
Dec 25, 2021 0.47 0.62
Dec 26, 2020 0.51 0.58
Dec 28, 2019 0.53 0.59
Dec 29, 2018 0.55 0.59
Dec 30, 2017 0.51 0.51
Dec 31, 2016 0.52 0.55
Dec 26, 2015 0.54 0.63
Dec 27, 2014 0.61 0.64
Dec 28, 2013 0.57 0.66
Dec 29, 2012 0.63 0.70
Dec 31, 2011 0.76 0.73
Dec 25, 2010 0.69 0.72
Dec 26, 2009 0.66 0.69
Dec 27, 2008 0.74 0.79
Dec 29, 2007 0.69 0.76
Dec 30, 2006 0.73 0.75
Dec 31, 2005 0.80 0.77

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).