Intel Corp. (NASDAQ:INTC)

Net Fixed Asset Turnover

The net fixed asset turnover ratio exhibits a consistent declining trend over the entire period analyzed. Starting at 1.36, it gradually decreases to 0.48 by the end of the timeline. This steady decline suggests a reduced efficiency in utilizing net fixed assets to generate revenue, indicating either increased investment in fixed assets without proportional revenue growth or diminishing returns from existing assets.

Total Asset Turnover

The total asset turnover ratio also shows a downward trend from 0.52 to approximately 0.28. The decrease is more marked in the earlier periods, followed by a relatively stable phase with minor fluctuations towards the later periods. This pattern reflects a reduction in the effectiveness with which the company's total assets are being employed to produce sales, possibly due to growth in asset base outpacing sales increases.

Equity Turnover

The equity turnover ratio declines from 0.97 to around 0.54 over the period, demonstrating a reduced ability to generate sales from shareholders' equity. The ratio decreases steadily initially and shows some minor recovery and stabilization in the final periods. This may indicate shifting capital structure dynamics or challenges in leveraging equity for revenue generation, although the slight improvement towards the end could reflect adjustments or operational changes impacting efficiency.

The financial data reveals several distinct trends in the company's operations and asset utilization over the analyzed periods.

Net Revenue

The net revenue exhibits a generally downward trend from early 2021 through mid-2025, with intermittent fluctuations. Initially, revenue was around $19.6 billion but declined steadily to approximately $12.7 billion by mid-2025. Notably, there are occasional rebounds in revenue figures, such as a rise from about $11.7 billion to $15.4 billion in 2023, followed by declines thereafter. This pattern suggests challenges in sustaining revenue growth or consistent sales volume. Overall, the decrease over time indicates pressures on top-line performance.

Property, Plant, and Equipment, Net of Accumulated Depreciation

The net value of property, plant, and equipment shows a consistent and significant increase across all periods. Starting at approximately $57.3 billion, it rises steadily to nearly $110 billion by mid-2025. This growth indicates ongoing capital investment and expansion in fixed assets, reflecting a commitment to capacity enhancement or modernization initiatives.

Net Fixed Asset Turnover Ratio

The net fixed asset turnover ratio declines notably from 1.36 in early 2021 to 0.48 by mid-2025. Since this ratio measures revenue generated per dollar of fixed assets, the falling trend reflects diminishing efficiency in utilizing fixed assets to produce revenue. This decrease, in conjunction with rising fixed asset values and declining revenues, suggests that the company may be experiencing underutilization of its capital base or that investments have not yet translated into proportional revenue gains.

In summary, the company appears to be investing heavily in property, plant, and equipment, but without a corresponding increase in revenue, resulting in reduced asset turnover efficiency. The net revenue decline alongside rising asset bases signals potential operational or market challenges that affect revenue generation relative to capital employed. Monitoring the conversion of fixed asset growth into revenue will be critical for future performance assessments.

The financial data reveals several noteworthy trends regarding net revenue, total assets, and total asset turnover over the examined periods.

Net Revenue

Net revenue exhibits a generally declining pattern over time, with fluctuations observed throughout the periods. From March 2021 to December 2021, revenue remained relatively stable around 19,000 to 20,500 million USD. However, beginning in early 2022, a clear downward trend is evident, reaching a low point of approximately 11,715 million USD in April 2023. Following this trough, there is a gradual recovery up to around 15,400 million USD by December 2023, but revenue again appears to decrease or stabilize at a lower level near 12,600 to 13,200 million USD in the subsequent quarters through June 2025. This pattern indicates challenges affecting sales or operational output, with some intermittent rebounds.

Total Assets

Total assets show an overall increasing trajectory throughout the time series, although with some variability. Starting from approximately 150,622 million USD in early 2021, assets grow steadily and peak at around 206,205 million USD by June 2024. Afterward, there is a slight decline but assets remain elevated near 192,000 million USD by mid-2025. This suggests continued investment or accumulation of resources, possibly reflecting expansions, acquisitions, or capital expenditures during the period analyzed.

Total Asset Turnover

The total asset turnover ratio demonstrates a consistent decline across the reported quarters. Beginning at 0.52 in March 2021, it decreases steadily to approximately 0.28 by mid-2025. This downward trend indicates a reduction in the efficiency with which assets are utilized to generate revenue. Given that total assets have increased while net revenue has decreased or remained subdued, the declining turnover ratio aligns with less effective asset use to produce sales.

In summary, the data depicts a scenario where the company has increased its asset base substantially but has faced difficulties in maintaining or growing net revenue levels. The reduced asset turnover reflects a diminishing return on asset investments, signaling potential operational inefficiencies or external challenges impacting sales performance. While some revenue recovery attempts are apparent, the overall trend points toward the need to enhance asset utilization or address underlying factors affecting revenue generation.

The financial data exhibits notable trends in net revenue, stockholders’ equity, and equity turnover ratios over the analyzed periods. There is a discernible pattern of fluctuation and gradual shifts observable within these key metrics.

Net Revenue

Net revenue shows a general downward trajectory from March 2021 through approximately April 2023, decreasing from $19,673 million to a low of $11,715 million. Subsequently, there is a moderate recovery trend with net revenues rising steadily up to around $15,406 million by December 2023. However, after this peak, net revenue again declines reaching approximately $12,667 million by March 2025, with some minor fluctuations in between. This pattern suggests a period of initial contraction followed by temporary recovery and renewed softness in sales figures across the latest quarters.

Total Intel Stockholders’ Equity

Stockholders' equity reflects an overall upward movement from March 2021 to June 2024, increasing from about $79,807 million to around $115,229 million. This growth indicates strengthening equity positions over this timeframe. Nevertheless, beyond June 2024, equity levels exhibit a declining trend, falling to approximately $97,883 million by June 2025. The equity dynamics highlight periods of accumulation followed by a reduction in total equity holdings in the most recent terms.

Equity Turnover Ratio

The equity turnover ratio steadily declines across the entire period, moving from 0.97 in March 2021 down to a low near 0.48 by June 2024. This decline points to decreasing efficiency in generating sales from stockholders' equity over time. A slight rebound is observed in the final quarters, with ratios stabilizing around 0.53 to 0.54. The persistent downward trend in equity turnover suggests diminishing utilization of equity capital to produce revenues during the majority of the measured intervals.

Overall, the data implies a challenging environment for revenue generation alongside a variable equity base, with efficiency in leveraging equity to drive revenue gradually deteriorating. The partial recovery in revenue and stabilization of equity turnover in late periods may indicate some operational adjustments or external influences temporarily improving financial performance. However, the prevailing trends warrant continued attention to address underlying factors contributing to revenue contractions and declining capital utilization efficiency.