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
The analysis of asset utilization from 2005 to 2022 reveals a period of relative stability followed by a significant structural shift in the asset base and a subsequent recovery phase.
- Asset Turnover Stability (2005–2018)
- During this fourteen-year interval, the total asset turnover ratio remained consistently within a narrow range between 0.37 and 0.50. While net sales grew from 846.9 million to 3.98 billion USD, total assets were managed in a manner that maintained a proportional relationship with revenue generation, reaching a peak efficiency of 0.50 in 2011.
- Asset Base Expansion and Efficiency Decline (2019)
- A sharp decline in asset efficiency occurred in 2019, with the turnover ratio dropping to its lowest point of 0.29. This contraction was driven by a substantial increase in total assets, which rose from 8.26 billion USD in 2018 to 18.35 billion USD in 2019. Although net sales increased during the same period to 5.35 billion USD, the expansion of the asset base far outpaced revenue growth, resulting in a marked reduction in the turnover ratio.
- Recovery and Optimization (2020–2022)
- Following the 2019 peak in assets, a trend of optimization is observed. Total assets gradually decreased to 16.2 billion USD by 2022, while net sales continued to expand, reaching 6.82 billion USD. This convergence led to a steady improvement in the total asset turnover ratio, which climbed from 0.30 in 2020 to 0.42 by March 31, 2022, signaling an improvement in the company's ability to generate sales from its expanded asset base.
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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. | Marvell Technology Inc. | 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 | 0.20 | 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 | 0.28 | 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 | 0.24 | 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 | 0.29 | 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 | 0.51 | 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 | 0.50 | 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 | 0.50 | 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 | 0.63 | 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 | 0.62 | 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 | 0.60 | 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 | 0.59 | 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 | 0.57 | 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 | 0.54 | 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 | 0.67 | 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 | 0.64 | 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 | 0.49 | 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 | 0.48 | 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 | 0.44 | 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 | 0.49 |
| Mar 31, 2021 | 0.33 | 0.52 |
| Mar 31, 2020 | 0.30 | 0.50 |
| Mar 31, 2019 | 0.29 | 0.54 |
| 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 | 0.67 |
| 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 | 0.68 |
| Mar 31, 2006 | 0.39 | 0.68 |
| 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 | 0.64 |
| 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 | 0.76 |
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).