Stock Analysis on Net
Stock Analysis on Net

Marvell Technology Inc. (NASDAQ:MRVL)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Marvell Technology Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).

1 US$ in thousands


The total asset turnover ratio exhibits a distinct three-phase evolution over the observed period, transitioning from a decade of efficiency gains to a significant structural shift in the asset base, followed by a gradual recovery in utilization.

Efficiency Optimization Phase (2005–2015)
During this period, a consistent upward trend in asset productivity is observed. The total asset turnover ratio rose from 0.44 in 2005 to a peak of 0.63 in 2015. This growth was supported by net revenue increasing from approximately $1.22 billion to $3.71 billion, while the growth of total assets remained proportional, indicating an effective scaling of operations and improved resource utilization.
Asset Expansion and Dilution Phase (2016–2022)
A significant reversal in the turnover trend occurred starting in 2019, with the ratio dropping sharply from 0.51 in 2018 to a low of 0.20 by January 2022. This decline is primarily attributed to a massive expansion of the balance sheet; total assets surged from $4.71 billion in 2018 to $22.11 billion in 2022. While net revenue grew during this time, the rate of asset accumulation far outpaced revenue growth, resulting in a substantial decrease in the efficiency of assets in generating sales.
Utilization Recovery Phase (2023–2026)
A recovery trend is evident in the final years of the analysis, as the total asset turnover ratio climbed from 0.20 in 2022 to 0.37 by 2026. This improvement is driven by a strong acceleration in net revenue, which reached $8.19 billion in 2026, while the total asset base remained relatively stabilized between $20.20 billion and $22.29 billion. This suggests that the company is beginning to realize higher revenue yields from its expanded asset base.

Comparison to Competitors

Marvell Technology Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Marvell Technology Inc., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).


Comparison to Industry (Information Technology)