Total Asset Turnover
since 2005
Calculation
Micron Technology Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Aug 29, 2024 | 0.36 | = | 25,111) | ÷ | 69,416) |
| Aug 31, 2023 | 0.24 | = | 15,540) | ÷ | 64,254) |
| Sep 1, 2022 | 0.46 | = | 30,758) | ÷ | 66,283) |
| Sep 2, 2021 | 0.47 | = | 27,705) | ÷ | 58,849) |
| Sep 3, 2020 | 0.40 | = | 21,435) | ÷ | 53,678) |
| Aug 29, 2019 | 0.48 | = | 23,406) | ÷ | 48,887) |
| Aug 30, 2018 | 0.70 | = | 30,391) | ÷ | 43,376) |
| Aug 31, 2017 | 0.58 | = | 20,322) | ÷ | 35,336) |
| Sep 1, 2016 | 0.45 | = | 12,399) | ÷ | 27,540) |
| Sep 3, 2015 | 0.67 | = | 16,192) | ÷ | 24,143) |
| Aug 28, 2014 | 0.73 | = | 16,358) | ÷ | 22,498) |
| Aug 29, 2013 | 0.47 | = | 9,073) | ÷ | 19,118) |
| Aug 30, 2012 | 0.57 | = | 8,234) | ÷ | 14,328) |
| Sep 1, 2011 | 0.60 | = | 8,788) | ÷ | 14,752) |
| Sep 2, 2010 | 0.58 | = | 8,482) | ÷ | 14,693) |
| Sep 3, 2009 | 0.42 | = | 4,803) | ÷ | 11,455) |
| Aug 28, 2008 | 0.43 | = | 5,841) | ÷ | 13,430) |
| Aug 30, 2007 | 0.38 | = | 5,688) | ÷ | 14,818) |
| Aug 31, 2006 | 0.43 | = | 5,272) | ÷ | 12,221) |
| Sep 1, 2005 | 0.61 | = | 4,880) | ÷ | 8,006) |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
1 US$ in millions
The financial analysis over the observed period reveals notable fluctuations in revenue, total assets, and asset turnover ratios, indicating varying operational efficiency and asset utilization dynamics.
- Revenue Trends
- Revenue shows an overall upward trajectory from 2005 through 2024, punctuated by periods of both growth and decline. Starting at approximately 4.88 billion US dollars, revenue gradually increased with occasional dips, such as in 2009 and 2020, before reaching a peak near 30.76 billion in 2022. Subsequent years show volatility with a decrease to 15.54 billion in 2023 followed by a rebound to 25.11 billion in 2024. This pattern suggests cyclicality or external impacts influencing sales performance.
- Total Assets
- Total assets increased more steadily across the same timeframe, beginning at around 8.01 billion and rising consistently to approximately 69.42 billion by 2024. This significant asset base growth indicates continued investment and potential expansion, reflecting either asset acquisitions or capital expenditures aimed at supporting business growth.
- Total Asset Turnover
- The total asset turnover ratio exhibits a declining trend with intermittent peaks. Initially, turnover was moderate at about 0.61, decreasing to lows around 0.24 in 2023, indicative of less efficient use of assets to generate revenue in some periods. Temporary improvements occurred, notably around 2014 and 2018, aligning with revenue surges relative to asset growth. The declining turnover suggests that asset growth has outpaced revenue increases in recent years, potentially indicating underutilization or a strategic focus on building long-term asset capacity.
In summary, while the company’s revenue and asset base have expanded significantly over the analyzed years, the efficiency in utilizing these assets to generate revenue has diminished. The observed pattern may reflect strategic investments requiring longer gestation periods or fluctuating market conditions impacting sales efficiency. Continuous monitoring of asset utilization alongside revenue generation will be crucial for assessing operational effectiveness and guiding future capital allocation decisions.
Comparison to Competitors
Micron Technology Inc., total asset turnover, long-term trends, comparison to competitors
| Micron Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 29, 2024 | 0.36 | 0.37 | 0.20 | 0.79 | 0.31 | 0.27 | 0.64 | 0.80 | 0.93 | 0.71 | 0.44 |
| Aug 31, 2023 | 0.24 | 0.33 | 0.25 | 0.86 | 0.49 | 0.28 | 0.75 | 0.93 | 0.65 | 0.70 | 0.54 |
| Sep 1, 2022 | 0.46 | 0.35 | 0.24 | 0.96 | 0.45 | 0.35 | 0.73 | 1.00 | 0.61 | 0.90 | 0.74 |
| Sep 2, 2021 | 0.47 | 1.32 | 0.14 | 0.89 | 0.36 | 0.47 | 0.67 | 0.92 | 0.58 | 0.81 | 0.74 |
| Sep 3, 2020 | 0.40 | 1.09 | 0.26 | 0.77 | 0.31 | 0.51 | 0.63 | 0.69 | 0.63 | 0.66 | 0.75 |
| Aug 29, 2019 | 0.48 | 1.12 | 0.28 | 0.77 | 0.33 | 0.53 | 0.51 | 0.80 | 0.88 | 0.74 | 0.80 |
| Aug 30, 2018 | 0.70 | 1.42 | 0.30 | 0.97 | 0.42 | 0.55 | 0.72 | 0.89 | 0.86 | 0.70 | 0.92 |
| Aug 31, 2017 | 0.58 | 1.51 | 0.24 | 0.75 | 0.32 | 0.51 | 0.63 | 0.66 | 0.70 | 0.34 | 0.85 |
| Sep 1, 2016 | 0.45 | 1.29 | 0.43 | 0.74 | 0.26 | 0.52 | 0.60 | 0.48 | 0.68 | 0.45 | 0.81 |
| Sep 3, 2015 | 0.67 | 1.28 | 0.49 | 0.63 | 0.64 | 0.54 | 0.58 | 0.56 | 0.65 | 0.50 | 0.80 |
| Aug 28, 2014 | 0.73 | 1.46 | 0.42 | 0.69 | 0.41 | 0.61 | 0.53 | 0.58 | 0.57 | 0.55 | 0.74 |
| Aug 29, 2013 | 0.47 | 1.22 | 0.41 | 0.62 | 0.74 | 0.57 | 0.54 | 0.50 | 0.67 | 0.55 | 0.64 |
| Aug 30, 2012 | 0.57 | 1.36 | 0.48 | 0.72 | 0.83 | 0.63 | 0.62 | 0.33 | 0.72 | 0.44 | 0.64 |
| Sep 1, 2011 | 0.60 | 1.33 | 0.57 | 0.76 | 0.96 | 0.76 | 0.68 | 0.80 | 0.79 | 0.41 | 0.67 |
| Sep 2, 2010 | 0.58 | 1.31 | 0.64 | 0.87 | 0.97 | 0.69 | 0.47 | 0.86 | 0.93 | 0.36 | 1.04 |
| Sep 3, 2009 | 0.42 | 0.60 | 0.59 | 0.52 | 0.75 | 0.66 | 0.42 | 0.57 | 1.02 | 0.38 | 0.86 |
| Aug 28, 2008 | 0.43 | 0.76 | 0.84 | 0.74 | — | 0.74 | 0.52 | 0.88 | 1.09 | 0.45 | 1.05 |
| Aug 30, 2007 | 0.38 | 0.52 | 0.86 | 0.91 | — | 0.69 | 0.59 | 1.22 | 1.15 | 0.48 | 1.09 |
| Aug 31, 2006 | 0.43 | 0.43 | 0.65 | 0.97 | — | 0.73 | 0.45 | 0.71 | 1.24 | 0.49 | 1.02 |
| Sep 1, 2005 | 0.61 | 0.80 | 0.52 | 0.62 | — | 0.80 | 0.52 | 1.04 | 1.23 | 0.45 | 0.89 |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Micron Technology Inc., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Micron Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Aug 29, 2024 | 0.36 | 0.43 |
| Aug 31, 2023 | 0.24 | 0.43 |
| Sep 1, 2022 | 0.46 | 0.50 |
| Sep 2, 2021 | 0.47 | 0.53 |
| Sep 3, 2020 | 0.40 | 0.51 |
| Aug 29, 2019 | 0.48 | 0.55 |
| Aug 30, 2018 | 0.70 | 0.63 |
| Aug 31, 2017 | 0.58 | 0.49 |
| Sep 1, 2016 | 0.45 | 0.50 |
| Sep 3, 2015 | 0.67 | 0.58 |
| Aug 28, 2014 | 0.73 | 0.62 |
| Aug 29, 2013 | 0.47 | 0.58 |
| Aug 30, 2012 | 0.57 | 0.60 |
| Sep 1, 2011 | 0.60 | 0.68 |
| Sep 2, 2010 | 0.58 | 0.68 |
| Sep 3, 2009 | 0.42 | 0.59 |
| Aug 28, 2008 | 0.43 | 0.69 |
| Aug 30, 2007 | 0.38 | 0.69 |
| Aug 31, 2006 | 0.43 | 0.69 |
| Sep 1, 2005 | 0.61 | 0.73 |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Industry (Information Technology)
Micron Technology Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Micron Technology Inc. | Information Technology | |
|---|---|---|
| Aug 29, 2024 | 0.36 | 0.58 |
| Aug 31, 2023 | 0.24 | 0.61 |
| Sep 1, 2022 | 0.46 | 0.65 |
| Sep 2, 2021 | 0.47 | 0.62 |
| Sep 3, 2020 | 0.40 | 0.58 |
| Aug 29, 2019 | 0.48 | 0.59 |
| Aug 30, 2018 | 0.70 | 0.59 |
| Aug 31, 2017 | 0.58 | 0.51 |
| Sep 1, 2016 | 0.45 | 0.55 |
| Sep 3, 2015 | 0.67 | 0.63 |
| Aug 28, 2014 | 0.73 | 0.64 |
| Aug 29, 2013 | 0.47 | 0.66 |
| Aug 30, 2012 | 0.57 | 0.70 |
| Sep 1, 2011 | 0.60 | 0.73 |
| Sep 2, 2010 | 0.58 | 0.72 |
| Sep 3, 2009 | 0.42 | 0.69 |
| Aug 28, 2008 | 0.43 | 0.79 |
| Aug 30, 2007 | 0.38 | 0.76 |
| Aug 31, 2006 | 0.43 | 0.75 |
| Sep 1, 2005 | 0.61 | 0.77 |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).