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)
Intel Corp., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio demonstrates a consistent declining trend over the analyzed quarters. Starting from a value of 1.38 in the quarter ending March 27, 2021, the ratio gradually decreases to 0.48 by the quarter ending March 29, 2025. This steady decline indicates that over time, the company is generating less revenue per unit of net fixed assets, suggesting possible underutilization of fixed assets or a relative increase in the asset base without proportional revenue growth.
- Total Asset Turnover
- The total asset turnover ratio also exhibits a downward trend through the examined periods. Beginning at 0.51 in the quarter ending March 27, 2021, the ratio diminishes to approximately 0.27-0.28 in the final quarters reported, reflecting a reduction in the efficiency with which the company is using its total assets to generate sales. The decline, although less steep than that observed in net fixed asset turnover, signals a general decrease in asset productivity or sales generation capability relative to asset size.
- Equity Turnover
- This ratio displays a similar declining pattern, moving from 0.96 in the quarter ending March 27, 2021, to approximately 0.53 by the quarter ending March 29, 2025. Notably, there is slight volatility in the last few quarters, with marginal increases observed in the quarter ending June 29, 2024 (0.55) and the quarter ending September 28, 2024 (0.53). Overall, the decline in equity turnover points to reduced revenue relative to shareholders’ equity over time, which may reflect either declining operational efficiency, increased equity base, or a combination thereof.
Net Fixed Asset Turnover
Intel Corp., net fixed asset turnover calculation (quarterly data)
| Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net revenue | 12,667) | 14,260) | 13,284) | 12,833) | 12,724) | 15,406) | 14,158) | 12,949) | 11,715) | 14,042) | 15,338) | 15,321) | 18,353) | 20,528) | 19,192) | 19,631) | 19,673) | 19,978) | 18,333) | 19,728) | 19,828) | |||||||
| Property, plant, and equipment, net of accumulated depreciation | 109,763) | 107,919) | 104,248) | 103,398) | 99,924) | 96,647) | 93,352) | 90,945) | 85,734) | 80,860) | 75,763) | 71,660) | 66,718) | 63,245) | 59,733) | 58,166) | 57,330) | 56,584) | 59,205) | 58,036) | 56,770) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 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 | 1.38 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 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 | 15.23 | — | — | — | |||||||
| Analog Devices Inc. | 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 | 5.00 | 4.87 | 4.66 | 4.77 | |||||||
| Applied Materials Inc. | 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 | |||||||
| Broadcom Inc. | 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 | |||||||
| KLA Corp. | 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 | 11.17 | 11.26 | 10.77 | 10.29 | |||||||
| Lam Research Corp. | 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 | 9.37 | 9.17 | 9.12 | 9.21 | |||||||
| Micron Technology Inc. | 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 | 0.69 | 0.67 | 0.66 | 0.70 | |||||||
| NVIDIA Corp. | 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 | 6.52 | — | — | — | |||||||
| Qualcomm Inc. | 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 | 6.34 | 5.74 | 7.37 | 7.73 | |||||||
| Texas Instruments Inc. | 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 | 4.42 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
1 Q1 2025 Calculation
Net fixed asset turnover
= (Net revenueQ1 2025
+ Net revenueQ4 2024
+ Net revenueQ3 2024
+ Net revenueQ2 2024)
÷ Property, plant, and equipment, net of accumulated depreciation
= (12,667 + 14,260 + 13,284 + 12,833)
÷ 109,763 = 0.48
2 Click competitor name to see calculations.
The financial data reveals several notable trends across the examined periods. Net revenue exhibited fluctuations with a general declining trend from early 2020 through the most recent periods in 2025. Initial quarters showed revenue figures around the 19,000 to 20,000 million mark, followed by a decline to just above 12,000 million by early 2023. Although some recovery occurred mid-2023 through early 2024, revenue figures remained below earlier peak levels, ending near 12,667 million in the latest quarter.
Property, plant, and equipment, net of accumulated depreciation, showed a consistent upward trend throughout the entire period. Starting at approximately 56,770 million in early 2020, the value steadily increased every quarter to reach nearly 109,763 million by the first quarter of 2025. This continuous investment in fixed assets indicates sustained capital expenditure and expansion of asset base over the years.
Net fixed asset turnover, which measures efficiency in generating revenue from fixed assets, showed a consistent decline from the reported initial values in late 2020. Beginning at a ratio of 1.38, this metric decreased gradually throughout the periods to 0.48 by early 2025. The decreasing turnover ratio, coupled with increasing asset values and declining revenues, suggests declining efficiency in utilizing fixed assets to generate sales.
- Net Revenue
- Experienced fluctuations but overall a downward trend from approximately 19,828 million in early 2020 to 12,667 million in early 2025, reflecting reduced sales performance over this timeframe.
- Property, Plant, and Equipment
- Displayed unwavering growth, indicating ongoing capital investment, rising from around 56,770 million to nearly 109,763 million across the periods reviewed.
- Net Fixed Asset Turnover
- Steadily declined from 1.38 to 0.48, signalling diminished ability to generate revenue from the fixed asset base, pointing toward potential overcapacity or underutilization of assets.
Total Asset Turnover
Intel Corp., total asset turnover calculation (quarterly data)
| Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net revenue | 12,667) | 14,260) | 13,284) | 12,833) | 12,724) | 15,406) | 14,158) | 12,949) | 11,715) | 14,042) | 15,338) | 15,321) | 18,353) | 20,528) | 19,192) | 19,631) | 19,673) | 19,978) | 18,333) | 19,728) | 19,828) | |||||||
| Total assets | 192,242) | 196,485) | 193,542) | 206,205) | 192,733) | 191,572) | 188,837) | 185,629) | 185,303) | 182,103) | 174,841) | 170,418) | 176,356) | 168,406) | 167,962) | 154,597) | 150,622) | 153,091) | 145,261) | 152,539) | 147,710) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Total asset turnover1 | 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 | 0.51 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 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 | 1.09 | — | — | — | |||||||
| Analog Devices Inc. | 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 | 0.26 | 0.26 | 0.26 | 0.27 | |||||||
| Applied Materials Inc. | 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 | |||||||
| Broadcom Inc. | 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 | |||||||
| KLA Corp. | 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 | 0.63 | 0.63 | 0.57 | 0.53 | |||||||
| Lam Research Corp. | 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 | 0.69 | 0.74 | 0.80 | 0.77 | |||||||
| Micron Technology Inc. | 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 | 0.40 | 0.39 | 0.39 | 0.42 | |||||||
| NVIDIA Corp. | 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 | 0.63 | — | — | — | |||||||
| Qualcomm Inc. | 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 | 0.66 | 0.62 | 0.77 | 0.74 | |||||||
| Texas Instruments Inc. | 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 | 0.75 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
1 Q1 2025 Calculation
Total asset turnover
= (Net revenueQ1 2025
+ Net revenueQ4 2024
+ Net revenueQ3 2024
+ Net revenueQ2 2024)
÷ Total assets
= (12,667 + 14,260 + 13,284 + 12,833)
÷ 192,242 = 0.28
2 Click competitor name to see calculations.
- Net Revenue
-
Net revenue exhibits a declining trend from early 2020 through the end of 2022, with some fluctuations. The revenue started at approximately 19,828 million USD in March 2020 and showed a general decrease towards 14,042 million USD by December 2022. A notable decline occurred in the period from April 2022 to April 2023, where revenue dropped from 18,353 million USD to 11,715 million USD. However, from mid-2023 onwards, net revenue shows a recovery trend, gradually increasing to 14,260 million USD by the first quarter of 2025, despite some volatility.
- Total Assets
-
Total assets increased steadily from March 2020 to early 2025. Starting at roughly 147,710 million USD in March 2020, assets experienced growth with some periods of more rapid increase, reaching over 192,000 million USD by March 2025. The growth in total assets is consistent throughout the periods, indicating ongoing investment or accumulation of resources despite revenue fluctuations.
- Total Asset Turnover Ratio
-
The total asset turnover ratio, which indicates how efficiently assets generate revenue, reveals a declining pattern over the reported timeline. Beginning around 0.51 in late 2020, it steadily declined to approximately 0.28 by early 2025. This steady decrease reflects diminishing efficiency in utilizing assets to produce sales revenue, suggesting that asset growth has outpaced revenue growth during this period.
- Overall Insights
-
The data indicates that while the company has grown its asset base substantially over the analyzed quarters, this growth has not been matched by corresponding increases in revenue, leading to a reduction in asset efficiency as measured by the turnover ratio. Revenue experienced a marked decline in 2022 and early 2023 but showed early signs of recovery thereafter. The steady rise in asset values alongside declining revenue efficiency could point to potential challenges in optimizing asset utilization or shifts in business strategy requiring further investigation.
Equity Turnover
Intel Corp., equity turnover calculation (quarterly data)
| Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net revenue | 12,667) | 14,260) | 13,284) | 12,833) | 12,724) | 15,406) | 14,158) | 12,949) | 11,715) | 14,042) | 15,338) | 15,321) | 18,353) | 20,528) | 19,192) | 19,631) | 19,673) | 19,978) | 18,333) | 19,728) | 19,828) | |||||||
| Total Intel stockholders’ equity | 99,756) | 99,270) | 99,532) | 115,229) | 105,973) | 105,590) | 101,813) | 101,017) | 98,059) | 101,423) | 99,885) | 101,218) | 103,136) | 95,391) | 90,087) | 85,207) | 79,807) | 81,038) | 74,554) | 82,010) | 76,354) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Equity turnover1 | 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 | 0.96 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 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 | 1.67 | — | — | — | |||||||
| Analog Devices Inc. | 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 | 0.47 | 0.47 | 0.48 | 0.49 | |||||||
| Applied Materials Inc. | 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 | |||||||
| Broadcom Inc. | 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 | |||||||
| KLA Corp. | 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 | 2.18 | 2.43 | 1.98 | 1.84 | |||||||
| Lam Research Corp. | 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 | 1.94 | 2.12 | 2.18 | 1.92 | |||||||
| Micron Technology Inc. | 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 | 0.55 | 0.54 | 0.53 | 0.57 | |||||||
| NVIDIA Corp. | 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 | 0.89 | — | — | — | |||||||
| Qualcomm Inc. | 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 | 3.87 | 6.05 | 8.13 | 5.43 | |||||||
| Texas Instruments Inc. | 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 | 1.57 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
1 Q1 2025 Calculation
Equity turnover
= (Net revenueQ1 2025
+ Net revenueQ4 2024
+ Net revenueQ3 2024
+ Net revenueQ2 2024)
÷ Total Intel stockholders’ equity
= (12,667 + 14,260 + 13,284 + 12,833)
÷ 99,756 = 0.53
2 Click competitor name to see calculations.
The financial data reveals several notable trends across the reported quarters. Net revenue experienced fluctuations, with an initial range between approximately $18 billion and $20.5 billion from the first quarter of 2020 through the end of 2021. Beginning in early 2022, revenues showed a marked decline, falling to a low near $11.7 billion in the first quarter of 2023. Subsequently, there was a gradual recovery, with revenues increasing back to the $14 billion to $15 billion range by the end of 2023 and early 2024, though the values remained below the earlier peak levels observed through 2021. The latest quarter reports a slight decrease to approximately $12.7 billion.
Total Intel stockholders’ equity displayed a different pattern. Equity started around $76 billion in early 2020, rising steadily over the following periods. The upward trajectory continued through 2021 and into 2022, peaking above $103 billion in the first quarter of 2022. After this peak, equity values showed minor fluctuations but generally remained within the range of approximately $98 billion to $115 billion across 2022 through 2024. Notably, the highest equity was recorded near the middle of 2024, before decreasing to close just below $100 billion in the most recent quarters.
Equity turnover, which measures the efficiency of using equity to generate revenue, exhibited a clear declining trend over the examined periods. Beginning near 0.96 in late 2020, this ratio consistently decreased to approximately 0.48 by late 2024. The decline suggests that net revenue generated per dollar of equity has been diminishing. Minor fluctuations occurred, with a brief increase to around 0.55 toward the end of 2024, but the overall trend remains downward.
- Net Revenue
- Fluctuated between $18 billion and $20.5 billion until the end of 2021, followed by a notable decline in 2022 and early 2023, then partially recovering but not reaching previous highs as of mid-2024.
- Total Stockholders’ Equity
- Demonstrated steady growth from $76 billion in early 2020 to a peak over $103 billion in early 2022, remaining relatively stable with minor fluctuations between $98 billion and $115 billion through 2024.
- Equity Turnover Ratio
- Consistently declined over the period, from near 0.96 to approximately 0.48, indicating reduced revenue efficiency relative to equity. Small rebounds occurred but did not reverse the overall downward trend.
In summary, while equity has grown and remained comparatively stable at high levels, the company’s net revenue has experienced volatility and overall decline from its earlier peak, negatively impacting the equity turnover ratio. This pattern may suggest challenges in translating increased equity into proportional revenue growth during the most recent quarters.