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)
Marvell Technology Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01).
The analysis of investment activity ratios indicates a general improvement in asset and equity utilization efficiency over the observed period, although the utilization of net fixed assets exhibited significant volatility.
- Net Fixed Asset Turnover
- A distinct cyclical pattern is observed. The ratio initially climbed from 7.32 in May 2021 to a peak of 11.21 in October 2022, signaling a period of high efficiency in utilizing fixed assets to generate revenue. This was followed by a sustained decline, reaching a low of 6.75 by August 2024, which may suggest an increase in fixed asset investments that had not yet yielded proportional revenue growth. A recovery phase is evident from late 2024 through May 2026, where the ratio rose back to 8.96.
- Total Asset Turnover
- A consistent long-term upward trend is evident in the overall productivity of the asset base. The ratio increased steadily from 0.15 in May 2021 to a peak of 0.37 in January 2026. This suggests a gradual improvement in the company's ability to generate sales from its total resource base. A slight contraction to 0.32 occurred in the final period ending May 2026.
- Equity Turnover
- The capacity to generate revenue relative to shareholder equity showed significant growth. Starting at 0.21 in May 2021, the ratio rose to 0.38 by late 2022, plateaued for several quarters, and then accelerated to a peak of 0.57 in January 2026. Similar to the total asset turnover, a decrease to 0.48 was recorded in May 2026, though the overall trajectory remains substantially higher than the baseline.
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Net Fixed Asset Turnover
Marvell Technology Inc., net fixed asset turnover calculation (quarterly data)
| May 2, 2026 | Jan 31, 2026 | Nov 1, 2025 | Aug 2, 2025 | May 3, 2025 | Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net revenue | 2,417,800) | 2,218,700) | 2,074,500) | 2,006,100) | 1,895,300) | 1,817,400) | 1,516,100) | 1,272,900) | 1,160,900) | 1,426,500) | 1,418,600) | 1,340,900) | 1,321,700) | 1,418,500) | 1,537,300) | 1,516,900) | 1,446,900) | 1,342,978) | 1,211,245) | 1,075,881) | 832,279) | |||||||
| Property and equipment, net | 972,500) | 935,000) | 854,800) | 794,500) | 774,700) | 790,500) | 781,900) | 781,500) | 758,000) | 756,000) | 701,600) | 693,800) | 636,200) | 577,400) | 521,500) | 508,200) | 502,200) | 462,773) | 444,003) | 433,091) | 424,733) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 8.96 | 8.76 | 9.12 | 9.11 | 8.39 | 7.30 | 6.88 | 6.75 | 7.05 | 7.29 | 7.84 | 8.10 | 9.11 | 10.25 | 11.21 | 10.86 | 10.11 | 9.64 | 8.82 | 7.98 | 7.32 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | 12.01 | 13.75 | 14.98 | 14.52 | 13.91 | 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 | |||||||
| Analog Devices Inc. | — | — | 4.14 | 3.87 | 3.62 | 3.32 | 3.15 | 2.94 | 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 | |||||||
| Applied Materials Inc. | — | — | 5.50 | 5.52 | 5.70 | 6.15 | 6.94 | 7.33 | 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 | |||||||
| Broadcom Inc. | — | — | — | 27.07 | 26.27 | 25.25 | 24.45 | 23.17 | 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 | |||||||
| Intel Corp. | — | — | — | 0.54 | 0.51 | 0.50 | 0.51 | 0.48 | 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 | |||||||
| KLA Corp. | — | 9.84 | 9.60 | 9.48 | 9.62 | 9.70 | 9.64 | 9.24 | 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 | |||||||
| Lam Research Corp. | — | 7.86 | 7.60 | 7.58 | 7.80 | 7.59 | 7.22 | 7.01 | 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 | |||||||
| Micron Technology Inc. | — | — | 1.60 | 1.13 | 0.87 | 0.80 | 0.76 | 0.74 | 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 | |||||||
| NVIDIA Corp. | 20.44 | 20.80 | 19.14 | 18.07 | 20.81 | 20.77 | 21.20 | 19.71 | 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 | |||||||
| Qualcomm Inc. | — | — | 8.45 | 8.77 | 9.17 | 9.44 | 9.62 | 9.59 | 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 | |||||||
| Texas Instruments Inc. | — | — | — | 1.63 | 1.52 | 1.44 | 1.40 | 1.35 | 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 | |||||||
Based on: 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01).
1 Q1 2027 Calculation
Net fixed asset turnover
= (Net revenueQ1 2027
+ Net revenueQ4 2026
+ Net revenueQ3 2026
+ Net revenueQ2 2026)
÷ Property and equipment, net
= (2,417,800 + 2,218,700 + 2,074,500 + 2,006,100)
÷ 972,500 = 8.96
2 Click competitor name to see calculations.
The net fixed asset turnover exhibits a cyclical trajectory characterized by an initial period of rapid efficiency gains, followed by a sustained decline, and a subsequent recovery phase tied to accelerating revenue growth.
- Efficiency Expansion Phase (May 2021 – October 2022)
- A significant upward trend in the turnover ratio is observed, rising from 7.32 to a peak of 11.21. During this period, net revenue grew from approximately 832 million to 1.537 billion, while the growth of net property and equipment remained relatively moderate. This indicates a phase of high asset productivity where revenue growth significantly outpaced capital expenditures.
- Asset Accumulation and Revenue Softening (January 2023 – May 2024)
- The turnover ratio experienced a consistent decline, falling from 10.25 to a trough of 6.75. This deterioration was driven by a divergence between investment activity and top-line performance. While net property and equipment continued to increase steadily from 577 million to 781 million, net revenue faced volatility and a temporary contraction, reaching a low of 1.16 billion in February 2024. This suggests that the expansion of the fixed asset base did not yield immediate proportional revenue increases during this window.
- Scaling and Recovery Phase (August 2024 – May 2026)
- A recovery in asset utilization is evident as the turnover ratio climbed back to 8.96. This trend is supported by an aggressive increase in net revenue, which rose from 1.27 billion in May 2024 to 2.417 billion by May 2026. Although property and equipment continued to grow, reaching 972 million, the acceleration in revenue regained dominance, resulting in improved operational efficiency per unit of net fixed asset.
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Total Asset Turnover
Marvell Technology Inc., total asset turnover calculation (quarterly data)
| May 2, 2026 | Jan 31, 2026 | Nov 1, 2025 | Aug 2, 2025 | May 3, 2025 | Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net revenue | 2,417,800) | 2,218,700) | 2,074,500) | 2,006,100) | 1,895,300) | 1,817,400) | 1,516,100) | 1,272,900) | 1,160,900) | 1,426,500) | 1,418,600) | 1,340,900) | 1,321,700) | 1,418,500) | 1,537,300) | 1,516,900) | 1,446,900) | 1,342,978) | 1,211,245) | 1,075,881) | 832,279) | |||||||
| Total assets | 26,944,500) | 22,285,300) | 21,579,000) | 20,586,300) | 20,023,700) | 20,204,500) | 19,715,600) | 20,293,400) | 20,491,000) | 21,228,500) | 21,714,400) | 21,750,100) | 22,273,200) | 22,522,100) | 22,522,100) | 22,162,100) | 22,038,700) | 22,108,597) | 22,018,842) | 20,838,632) | 21,229,937) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Total asset turnover1 | 0.32 | 0.37 | 0.36 | 0.35 | 0.32 | 0.29 | 0.27 | 0.26 | 0.26 | 0.26 | 0.25 | 0.26 | 0.26 | 0.26 | 0.26 | 0.25 | 0.23 | 0.20 | 0.18 | 0.17 | 0.15 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | 0.49 | 0.47 | 0.45 | 0.42 | 0.40 | 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 | |||||||
| Analog Devices Inc. | — | — | 0.29 | 0.27 | 0.24 | 0.23 | 0.22 | 0.21 | 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 | |||||||
| Applied Materials Inc. | — | — | 0.71 | 0.72 | 0.75 | 0.78 | 0.84 | 0.84 | 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 | |||||||
| Broadcom Inc. | — | — | — | 0.42 | 0.40 | 0.37 | 0.36 | 0.35 | 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 | |||||||
| Intel Corp. | — | — | — | 0.28 | 0.26 | 0.25 | 0.26 | 0.28 | 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 | |||||||
| KLA Corp. | — | 0.76 | 0.78 | 0.76 | 0.77 | 0.76 | 0.76 | 0.72 | 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 | |||||||
| Lam Research Corp. | — | 0.99 | 1.04 | 0.96 | 0.89 | 0.86 | 0.86 | 0.82 | 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 | |||||||
| Micron Technology Inc. | — | — | 0.67 | 0.57 | 0.49 | 0.45 | 0.43 | 0.43 | 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 | |||||||
| NVIDIA Corp. | 0.98 | 1.04 | 1.16 | 1.17 | 1.19 | 1.17 | 1.18 | 1.13 | 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 | |||||||
| Qualcomm Inc. | — | — | 0.77 | 0.78 | 0.85 | 0.88 | 0.79 | 0.76 | 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 | |||||||
| Texas Instruments Inc. | — | — | — | 0.54 | 0.54 | 0.51 | 0.49 | 0.48 | 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 | |||||||
Based on: 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01).
1 Q1 2027 Calculation
Total asset turnover
= (Net revenueQ1 2027
+ Net revenueQ4 2026
+ Net revenueQ3 2026
+ Net revenueQ2 2026)
÷ Total assets
= (2,417,800 + 2,218,700 + 2,074,500 + 2,006,100)
÷ 26,944,500 = 0.32
2 Click competitor name to see calculations.
The analysis of total asset turnover reveals a general trajectory of increasing operational efficiency over the observed period, characterized by three distinct phases: an initial growth phase, a period of stability, and a recent phase of rapid expansion followed by a corrective dip.
- Efficiency Growth and Stabilization
- From May 2021 to October 2022, the total asset turnover ratio rose steadily from 0.15 to 0.26. This improvement was primarily driven by a substantial increase in net revenue, which grew from 832 million to 1.537 billion USD, while total assets remained relatively stable within the 20 billion to 22.5 billion USD range. Between January 2023 and August 2024, the ratio entered a plateau, remaining consistently between 0.25 and 0.26, reflecting a period where revenue fluctuations were offset by minor adjustments in the asset base.
- Acceleration of Asset Utilization
- A significant improvement in asset productivity is observed starting in November 2024. The turnover ratio climbed from 0.27 to a peak of 0.37 by January 2026. This trend coincided with a strong acceleration in net revenue, which reached 2.218 billion USD. During this interval, the asset base was managed efficiently, remaining near 22 billion USD, thereby maximizing the revenue generated per unit of asset.
- Recent Asset Expansion and Ratio Contraction
- In the final reported period ending May 2, 2026, a decline in the turnover ratio to 0.32 is evident. While net revenue continued to increase to 2.417 billion USD, total assets experienced a sharp increase to 26.944 billion USD. This indicates a substantial investment in the asset base that has not yet yielded a proportional increase in quarterly revenue, resulting in a temporary reduction in overall asset turnover efficiency.
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Equity Turnover
Marvell Technology Inc., equity turnover calculation (quarterly data)
| May 2, 2026 | Jan 31, 2026 | Nov 1, 2025 | Aug 2, 2025 | May 3, 2025 | Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net revenue | 2,417,800) | 2,218,700) | 2,074,500) | 2,006,100) | 1,895,300) | 1,817,400) | 1,516,100) | 1,272,900) | 1,160,900) | 1,426,500) | 1,418,600) | 1,340,900) | 1,321,700) | 1,418,500) | 1,537,300) | 1,516,900) | 1,446,900) | 1,342,978) | 1,211,245) | 1,075,881) | 832,279) | |||||||
| Stockholders’ equity | 18,215,800) | 14,308,400) | 14,056,600) | 13,421,700) | 13,312,700) | 13,427,000) | 13,372,900) | 14,204,900) | 14,478,700) | 14,831,400) | 15,233,400) | 15,389,500) | 15,493,900) | 15,637,200) | 15,559,000) | 15,530,200) | 15,465,000) | 15,702,097) | 15,686,344) | 14,741,197) | 14,855,370) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Equity turnover1 | 0.48 | 0.57 | 0.55 | 0.54 | 0.49 | 0.43 | 0.40 | 0.37 | 0.37 | 0.37 | 0.36 | 0.37 | 0.37 | 0.38 | 0.38 | 0.36 | 0.33 | 0.28 | 0.25 | 0.23 | 0.21 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | 0.61 | 0.58 | 0.55 | 0.53 | 0.50 | 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 | |||||||
| Analog Devices Inc. | — | — | 0.41 | 0.38 | 0.35 | 0.33 | 0.30 | 0.28 | 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 | |||||||
| Applied Materials Inc. | — | — | 1.20 | 1.21 | 1.30 | 1.39 | 1.47 | 1.48 | 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 | |||||||
| Broadcom Inc. | — | — | — | 0.86 | 0.85 | 0.79 | 0.82 | 0.82 | 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 | |||||||
| Intel Corp. | — | — | — | 0.65 | 0.48 | 0.46 | 0.50 | 0.54 | 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 | |||||||
| KLA Corp. | — | 2.14 | 2.25 | 2.33 | 2.51 | 2.59 | 2.88 | 3.03 | 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 | |||||||
| Lam Research Corp. | — | 1.86 | 2.05 | 2.03 | 1.92 | 1.87 | 1.80 | 1.84 | 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 | |||||||
| Micron Technology Inc. | — | — | 0.90 | 0.80 | 0.72 | 0.69 | 0.67 | 0.64 | 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 | |||||||
| NVIDIA Corp. | 1.30 | 1.37 | 1.57 | 1.65 | 1.77 | 1.65 | 1.72 | 1.66 | 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 | |||||||
| Qualcomm Inc. | — | — | 1.59 | 1.63 | 1.94 | 2.09 | 1.59 | 1.53 | 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 | |||||||
| Texas Instruments Inc. | — | — | — | 1.08 | 1.10 | 1.09 | 1.04 | 1.02 | 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 | |||||||
Based on: 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01).
1 Q1 2027 Calculation
Equity turnover
= (Net revenueQ1 2027
+ Net revenueQ4 2026
+ Net revenueQ3 2026
+ Net revenueQ2 2026)
÷ Stockholders’ equity
= (2,417,800 + 2,218,700 + 2,074,500 + 2,006,100)
÷ 18,215,800 = 0.48
2 Click competitor name to see calculations.
An analysis of the financial activity ratios indicates a general improvement in capital efficiency from May 2021 through May 2026, characterized by a steady increase in the equity turnover ratio despite periods of volatility in both revenue and equity levels.
- Revenue Growth Patterns
- Net revenue exhibited a strong upward trajectory over the analyzed period, growing from 832,279 thousand US$ in May 2021 to 2,417,800 thousand US$ by May 2026. A period of relative stability and slight contraction is observed between October 2022 and February 2024, where revenues fluctuated between 1.16 million and 1.54 million US$. However, a sustained growth phase followed from February 2024 onward, with revenue nearly doubling within two years.
- Stockholders' Equity Dynamics
- Equity levels remained relatively stable between May 2021 and early 2023, hovering around the 15 million US$ mark. A gradual decline is observed starting in early 2023, reaching a trough of 13,312,700 thousand US$ in February 2025. This was followed by a significant increase in the final quarters, culminating in a peak of 18,215,800 thousand US$ in May 2026, suggesting a substantial injection of capital or retained earnings toward the end of the period.
- Equity Turnover Trend Analysis
- The equity turnover ratio demonstrates a positive long-term trend, rising from 0.21 in May 2021 to a peak of 0.57 in January 2026. This progression indicates an increasing capacity to generate sales relative to the shareholders' investment. The ratio experienced a period of stagnation between October 2022 and May 2024, maintaining a range between 0.36 and 0.38. An acceleration in efficiency is observed from August 2024, where the ratio climbed from 0.40 to 0.57. A final correction to 0.48 in May 2026 is observed, which correlates with the sharp increase in stockholders' equity outpacing the growth in net revenue during that specific interval.
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