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.
Paying user area
Try for free
Intel Corp. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Intel Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Long-term Activity Ratios (Summary)
Intel Corp., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 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).
The overall trajectory of the long-term activity ratios indicates a sustained decline in asset utilization efficiency from early 2022 through early 2026. A consistent contraction is observed across all primary turnover metrics, suggesting that the growth in the asset base has significantly outpaced the growth in revenue generation over the analyzed period.
- Net Fixed Asset Turnover
- A pronounced downward trend is evident, with the ratio falling from 1.16 in April 2022 to a low of 0.48 by March 2025. This represents a substantial decrease in the revenue generated per unit of net fixed assets. In the final quarters of the period, the ratio demonstrates signs of stabilization, fluctuating marginally between 0.48 and 0.51.
- Total Asset Turnover
- A steady erosion of total asset efficiency is observed, with values decreasing from 0.44 in April 2022 to 0.26 by March 2026. The decline was most acute between 2022 and late 2023, after which the ratio remained relatively flat, oscillating within a narrow range of 0.25 to 0.29. This pattern indicates a persistent disparity between total asset expansion and top-line revenue growth.
- Equity Turnover
- Equity utilization experienced a similar contraction, decreasing from 0.75 in April 2022 to 0.48 by March 2026. While the decline was most consistent through 2023, the ratio exhibited increased volatility in 2024 and 2025, peaking at 0.55 in June 2024 before returning to a downward trajectory in the final year.
Net Fixed Asset Turnover
Intel Corp., net fixed asset turnover calculation (quarterly data)
| Mar 28, 2026 | Dec 27, 2025 | Sep 27, 2025 | Jun 28, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||
| Property, plant, and equipment, net of accumulated depreciation | |||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||
| Net fixed asset turnover1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||
| Advanced Micro Devices Inc. | |||||||||||||||||||||||
| Analog Devices Inc. | |||||||||||||||||||||||
| Applied Materials Inc. | |||||||||||||||||||||||
| Broadcom Inc. | |||||||||||||||||||||||
| KLA Corp. | |||||||||||||||||||||||
| Lam Research Corp. | |||||||||||||||||||||||
| Micron Technology Inc. | |||||||||||||||||||||||
| NVIDIA Corp. | |||||||||||||||||||||||
| Qualcomm Inc. | |||||||||||||||||||||||
| Texas Instruments Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 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).
1 Q1 2026 Calculation
Net fixed asset turnover
= (Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025
+ Net revenueQ2 2025)
÷ Property, plant, and equipment, net of accumulated depreciation
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of net fixed asset turnover reveals a persistent decline in asset utilization efficiency over the observed period. The ratio decreased from a peak of 1.16 in early 2022 to a low of 0.48 by mid-2025, before stabilizing around 0.51 by the first quarter of 2026.
- Asset Utilization Trend
- A consistent downward trajectory is observed in the net fixed asset turnover ratio. The most pronounced deterioration occurred between April 2022 and April 2023, during which the ratio fell from 1.16 to 0.66. This indicates a significant reduction in the amount of revenue generated per unit of net fixed assets.
- Fixed Asset Expansion
- Property, plant, and equipment, net of accumulated depreciation, experienced aggressive growth, rising from 66,718 million US$ in April 2022 to a peak of 109,763 million US$ in December 2024. This expansion suggests heavy capital investment in long-term infrastructure.
- Revenue Performance
- Net revenue displayed volatility and a general inability to scale in proportion to asset growth. From a high of 18,353 million US$ in April 2022, revenues fluctuated and ended at 13,577 million US$ in March 2026. The combination of increasing asset costs and stagnating or declining revenues directly contributed to the compression of the turnover ratio.
- Period of Stabilization
- Between December 2024 and March 2026, the net fixed asset turnover ratio reached a plateau, fluctuating narrowly between 0.48 and 0.51. This stability corresponds with a leveling off of the net property, plant, and equipment base, which remained concentrated between 104,000 million US$ and 109,000 million US$ during this timeframe.
Total Asset Turnover
Intel Corp., total asset turnover calculation (quarterly data)
| Mar 28, 2026 | Dec 27, 2025 | Sep 27, 2025 | Jun 28, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||
| Total asset turnover1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||
| Advanced Micro Devices Inc. | |||||||||||||||||||||||
| Analog Devices Inc. | |||||||||||||||||||||||
| Applied Materials Inc. | |||||||||||||||||||||||
| Broadcom Inc. | |||||||||||||||||||||||
| KLA Corp. | |||||||||||||||||||||||
| Lam Research Corp. | |||||||||||||||||||||||
| Micron Technology Inc. | |||||||||||||||||||||||
| NVIDIA Corp. | |||||||||||||||||||||||
| Qualcomm Inc. | |||||||||||||||||||||||
| Texas Instruments Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 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).
1 Q1 2026 Calculation
Total asset turnover
= (Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025
+ Net revenueQ2 2025)
÷ Total assets
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of investment activity ratios reveals a sustained decline in asset utilization efficiency over the observed period. While the asset base has expanded, revenue generation has not scaled proportionally, resulting in a compressed total asset turnover ratio.
- Revenue Performance
- Net revenue exhibited a sharp contraction between April 2022 and April 2023, falling from $18.35 billion to $11.72 billion. Subsequent quarters showed moderate recovery and volatility, fluctuating between $12.67 billion and $15.41 billion, but remained consistently below the initial 2022 levels.
- Asset Base Expansion
- Total assets demonstrated a general upward trajectory, increasing from $176.36 billion in April 2022 to a peak of $211.43 billion in December 2025. This steady growth suggests significant capital expenditures and an increase in the total investment in infrastructure and resources.
- Total Asset Turnover Trends
- The total asset turnover ratio experienced a steady decline from a high of 0.44 in April 2022 to 0.26 by March 2026. The most significant erosion of efficiency occurred during the first year, after which the ratio entered a period of relative stagnation, fluctuating within a narrow band between 0.25 and 0.29. This trend indicates that each dollar of assets is generating less revenue over time, reflecting a decrease in overall operational efficiency regarding long-term asset utilization.
Equity Turnover
Intel Corp., equity turnover calculation (quarterly data)
| Mar 28, 2026 | Dec 27, 2025 | Sep 27, 2025 | Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||
| Total Intel stockholders’ equity | |||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||
| Equity turnover1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||
| Advanced Micro Devices Inc. | |||||||||||||||||||||||
| Analog Devices Inc. | |||||||||||||||||||||||
| Applied Materials Inc. | |||||||||||||||||||||||
| Broadcom Inc. | |||||||||||||||||||||||
| KLA Corp. | |||||||||||||||||||||||
| Lam Research Corp. | |||||||||||||||||||||||
| Micron Technology Inc. | |||||||||||||||||||||||
| NVIDIA Corp. | |||||||||||||||||||||||
| Qualcomm Inc. | |||||||||||||||||||||||
| Texas Instruments Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 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).
1 Q1 2026 Calculation
Equity turnover
= (Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025
+ Net revenueQ2 2025)
÷ Total Intel stockholders’ equity
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of equity turnover from April 2022 to March 2026 reveals a significant decline in the efficiency with which equity is utilized to generate net revenue. The equity turnover ratio experienced a consistent downward trend during the first half of the observed period, transitioning from a peak of 0.75 in early 2022 to a stabilized range between 0.46 and 0.55 by 2024 and 2025.
- Net Revenue Performance
- Net revenue exhibited substantial volatility, starting at 18,353 million USD in April 2022 and reaching a low of 11,715 million USD by April 2023. While a moderate recovery occurred throughout 2023 and 2024, with revenue peaking at 15,406 million USD in December 2023, the figures remained consistently below the 2022 levels, fluctuating between approximately 12,600 million USD and 14,300 million USD through March 2026.
- Equity Base Stability
- Total stockholders' equity remained relatively stable throughout the period, generally oscillating between 97,883 million USD and 115,229 million USD. Despite the fluctuations in revenue, the equity base did not experience a proportional contraction, which contributed to the compression of the turnover ratio.
- Equity Turnover Ratio Dynamics
- The equity turnover ratio showed a sharp contraction from 0.75 in April 2022 to 0.51 by December 2023. This decline suggests that for every dollar of equity, the company generated progressively less revenue. Between June 2024 and March 2026, the ratio entered a period of stagnation, bottoming out at 0.46 in December 2025 before slightly recovering to 0.48 in March 2026.
Overall, the data indicates a decoupling between the growth of the equity base and the generation of revenue. The persistent decline in the turnover ratio reflects a reduction in asset productivity relative to shareholder investment over the analyzed timeframe.