Total Asset Turnover
since 2005
Calculation
Microchip Technology Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Mar 31, 2022 | 0.42 | = | 6,820,900) | ÷ | 16,199,500) |
| Mar 31, 2021 | 0.33 | = | 5,438,400) | ÷ | 16,478,800) |
| Mar 31, 2020 | 0.30 | = | 5,274,200) | ÷ | 17,426,100) |
| Mar 31, 2019 | 0.29 | = | 5,349,500) | ÷ | 18,350,000) |
| Mar 31, 2018 | 0.48 | = | 3,980,800) | ÷ | 8,257,200) |
| Mar 31, 2017 | 0.44 | = | 3,407,807) | ÷ | 7,686,881) |
| Mar 31, 2016 | 0.39 | = | 2,173,334) | ÷ | 5,567,515) |
| Mar 31, 2015 | 0.45 | = | 2,147,036) | ÷ | 4,780,713) |
| Mar 31, 2014 | 0.47 | = | 1,931,217) | ÷ | 4,067,630) |
| Mar 31, 2013 | 0.41 | = | 1,581,623) | ÷ | 3,851,405) |
| Mar 31, 2012 | 0.45 | = | 1,383,176) | ÷ | 3,083,776) |
| Mar 31, 2011 | 0.50 | = | 1,487,205) | ÷ | 2,968,058) |
| Mar 31, 2010 | 0.38 | = | 947,729) | ÷ | 2,516,313) |
| Mar 31, 2009 | 0.37 | = | 903,297) | ÷ | 2,421,439) |
| Mar 31, 2008 | 0.41 | = | 1,035,737) | ÷ | 2,512,307) |
| Mar 31, 2007 | 0.46 | = | 1,039,671) | ÷ | 2,269,541) |
| Mar 31, 2006 | 0.39 | = | 927,893) | ÷ | 2,350,596) |
| Mar 31, 2005 | 0.47 | = | 846,936) | ÷ | 1,817,554) |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
1 US$ in thousands
- Net Sales
- The net sales exhibit a consistent upward trend from 2005 through 2022, increasing from approximately 847 million USD to over 6.8 billion USD. Notably, there is a significant acceleration in growth starting around 2013, where sales jump from 1.58 billion USD to over 2.14 billion in 2015, followed by a sharp increase reaching 5.34 billion USD in 2019 and peaking at 6.82 billion USD in 2022. There are minor fluctuations in 2020 and 2021 where sales plateau slightly before resuming growth in 2022.
- Total Assets
- Total assets show a generally increasing trend with some variability. The assets grew steadily from 1.82 billion USD in 2005 to around 8.25 billion USD in 2018, followed by a rapid increase to 18.35 billion USD in 2019. However, after peaking in 2019, total assets decline gradually over the next three years to approximately 16.2 billion USD in 2022. This indicates a period of asset expansion potentially due to acquisitions or capital investments, followed by a strategic reduction or asset optimization.
- Total Asset Turnover Ratio
- The total asset turnover ratio fluctuates within the range of 0.29 to 0.5 across the years, generally indicating a moderate level of efficiency in asset utilization. Initially, the ratio declines from 0.47 in 2005 to a low near 0.37 in 2009, suggesting that asset growth may have outpaced sales growth during this period. The ratio peaks at 0.5 in 2011 but then experiences variation with a notable decline to 0.29 in 2019, coinciding with the peak in assets and a plateau in sales, implying reduced efficiency. Following this, turnover improves to 0.42 by 2022, indicating better utilization of assets relative to sales.
Comparison to Competitors
Microchip Technology Inc., total asset turnover, long-term trends, comparison to competitors
| Microchip Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 31, 2022 | 0.42 | 0.35 | 0.24 | 0.96 | 0.45 | 0.35 | 0.73 | 1.00 | 0.46 | 0.61 | 0.90 | 0.74 |
| Mar 31, 2021 | 0.33 | 1.32 | 0.14 | 0.89 | 0.36 | 0.47 | 0.67 | 0.92 | 0.47 | 0.58 | 0.81 | 0.74 |
| Mar 31, 2020 | 0.30 | 1.09 | 0.26 | 0.77 | 0.31 | 0.51 | 0.63 | 0.69 | 0.40 | 0.63 | 0.66 | 0.75 |
| Mar 31, 2019 | 0.29 | 1.12 | 0.28 | 0.77 | 0.33 | 0.53 | 0.51 | 0.80 | 0.48 | 0.88 | 0.74 | 0.80 |
| Mar 31, 2018 | 0.48 | 1.42 | 0.30 | 0.97 | 0.42 | 0.55 | 0.72 | 0.89 | 0.70 | 0.86 | 0.70 | 0.92 |
| Mar 31, 2017 | 0.44 | 1.51 | 0.24 | 0.75 | 0.32 | 0.51 | 0.63 | 0.66 | 0.58 | 0.70 | 0.34 | 0.85 |
| Mar 31, 2016 | 0.39 | 1.29 | 0.43 | 0.74 | 0.26 | 0.52 | 0.60 | 0.48 | 0.45 | 0.68 | 0.45 | 0.81 |
| Mar 31, 2015 | 0.45 | 1.28 | 0.49 | 0.63 | 0.64 | 0.54 | 0.58 | 0.56 | 0.67 | 0.65 | 0.50 | 0.80 |
| Mar 31, 2014 | 0.47 | 1.46 | 0.42 | 0.69 | 0.41 | 0.61 | 0.53 | 0.58 | 0.73 | 0.57 | 0.55 | 0.74 |
| Mar 31, 2013 | 0.41 | 1.22 | 0.41 | 0.62 | 0.74 | 0.57 | 0.54 | 0.50 | 0.47 | 0.67 | 0.55 | 0.64 |
| Mar 31, 2012 | 0.45 | 1.36 | 0.48 | 0.72 | 0.83 | 0.63 | 0.62 | 0.33 | 0.57 | 0.72 | 0.44 | 0.64 |
| Mar 31, 2011 | 0.50 | 1.33 | 0.57 | 0.76 | 0.96 | 0.76 | 0.68 | 0.80 | 0.60 | 0.79 | 0.41 | 0.67 |
| Mar 31, 2010 | 0.38 | 1.31 | 0.64 | 0.87 | 0.97 | 0.69 | 0.47 | 0.86 | 0.58 | 0.93 | 0.36 | 1.04 |
| Mar 31, 2009 | 0.37 | 0.60 | 0.59 | 0.52 | 0.75 | 0.66 | 0.42 | 0.57 | 0.42 | 1.02 | 0.38 | 0.86 |
| Mar 31, 2008 | 0.41 | 0.76 | 0.84 | 0.74 | — | 0.74 | 0.52 | 0.88 | 0.43 | 1.09 | 0.45 | 1.05 |
| Mar 31, 2007 | 0.46 | 0.52 | 0.86 | 0.91 | — | 0.69 | 0.59 | 1.22 | 0.38 | 1.15 | 0.48 | 1.09 |
| Mar 31, 2006 | 0.39 | 0.43 | 0.65 | 0.97 | — | 0.73 | 0.45 | 0.71 | 0.43 | 1.24 | 0.49 | 1.02 |
| Mar 31, 2005 | 0.47 | 0.80 | 0.52 | 0.62 | — | 0.80 | 0.52 | 1.04 | 0.61 | 1.23 | 0.45 | 0.89 |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Microchip Technology Inc., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Microchip Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Mar 31, 2022 | 0.42 | 0.50 |
| Mar 31, 2021 | 0.33 | 0.53 |
| Mar 31, 2020 | 0.30 | 0.51 |
| Mar 31, 2019 | 0.29 | 0.55 |
| Mar 31, 2018 | 0.48 | 0.63 |
| Mar 31, 2017 | 0.44 | 0.49 |
| Mar 31, 2016 | 0.39 | 0.50 |
| Mar 31, 2015 | 0.45 | 0.58 |
| Mar 31, 2014 | 0.47 | 0.62 |
| Mar 31, 2013 | 0.41 | 0.58 |
| Mar 31, 2012 | 0.45 | 0.60 |
| Mar 31, 2011 | 0.50 | 0.68 |
| Mar 31, 2010 | 0.38 | 0.68 |
| Mar 31, 2009 | 0.37 | 0.59 |
| Mar 31, 2008 | 0.41 | 0.69 |
| Mar 31, 2007 | 0.46 | 0.69 |
| Mar 31, 2006 | 0.39 | 0.69 |
| Mar 31, 2005 | 0.47 | 0.73 |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
Comparison to Industry (Information Technology)
Microchip Technology Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Microchip Technology Inc. | Information Technology | |
|---|---|---|
| Mar 31, 2022 | 0.42 | 0.65 |
| Mar 31, 2021 | 0.33 | 0.62 |
| Mar 31, 2020 | 0.30 | 0.58 |
| Mar 31, 2019 | 0.29 | 0.59 |
| Mar 31, 2018 | 0.48 | 0.59 |
| Mar 31, 2017 | 0.44 | 0.51 |
| Mar 31, 2016 | 0.39 | 0.55 |
| Mar 31, 2015 | 0.45 | 0.63 |
| Mar 31, 2014 | 0.47 | 0.64 |
| Mar 31, 2013 | 0.41 | 0.66 |
| Mar 31, 2012 | 0.45 | 0.70 |
| Mar 31, 2011 | 0.50 | 0.73 |
| Mar 31, 2010 | 0.38 | 0.72 |
| Mar 31, 2009 | 0.37 | 0.69 |
| Mar 31, 2008 | 0.41 | 0.79 |
| Mar 31, 2007 | 0.46 | 0.76 |
| Mar 31, 2006 | 0.39 | 0.75 |
| Mar 31, 2005 | 0.47 | 0.77 |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).