Total Asset Turnover
since 2005
Calculation
Micron Technology Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Sep 3, 2026 | 0.68 | = | 133,188) | ÷ | 195,888) |
| Aug 28, 2025 | 0.45 | = | 37,378) | ÷ | 82,798) |
| 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: 2026-09-03), 10-K (reporting date: 2025-08-28), 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 total asset turnover ratio exhibits significant volatility over the observed period, reflecting a cyclical pattern of asset utilization and revenue generation. The ratio has fluctuated between a maximum of 0.73 and a minimum of 0.24, indicating varying levels of efficiency in utilizing the asset base to generate sales.
- Initial Volatility and Stabilization (2005–2009)
- An initial decline in asset turnover is observed, falling from 0.61 in 2005 to a low of 0.38 by 2007. This period suggests a phase where asset growth outpaced revenue growth. The ratio subsequently stabilized around 0.42 to 0.43 through 2009.
- Efficiency Gains and Peak Performance (2010–2014)
- A notable recovery trend occurred between 2010 and 2014. The turnover ratio climbed steadily from 0.58 in 2010 to reach a period peak of 0.73 in 2014. This increase coincided with a substantial rise in revenue, which grew from approximately 8.4 billion to 16.3 billion during this window, effectively optimizing the asset base.
- Asset Expansion and Ratio Compression (2015–2022)
- Between 2015 and 2022, the turnover ratio demonstrated erratic movement amid a massive expansion of the total asset base, which grew from 24.1 billion to 66.2 billion. While a secondary peak of 0.70 was achieved in 2018, the ratio generally trended downward, hitting 0.40 in 2020 and lingering between 0.46 and 0.47 in the following years. This pattern indicates that the aggressive accumulation of assets did not always result in proportional immediate revenue growth.
- Recent Contraction and Rapid Recovery (2023–2026)
- A sharp decline to the series low of 0.24 occurred in 2023, representing the lowest point of asset efficiency in the recorded history. However, this was followed by a rapid rebound. By 2026, the total asset turnover rose to 0.68, driven by a dramatic surge in revenue to 133.1 billion, which significantly offset the increase in total assets to 195.8 billion.
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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. | Marvell Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 3, 2026 | 0.68 | — | — | — | — | — | 0.76 | 0.99 | 0.37 | 1.04 | — | — |
| Aug 28, 2025 | 0.45 | 0.45 | 0.23 | 0.78 | 0.37 | 0.25 | 0.76 | 0.86 | 0.29 | 1.17 | 0.88 | 0.51 |
| Aug 29, 2024 | 0.36 | 0.37 | 0.20 | 0.79 | 0.31 | 0.27 | 0.64 | 0.80 | 0.26 | 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 | 0.26 | 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 | 0.20 | 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 | 0.28 | 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 | 0.24 | 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 | 0.29 | 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 | 0.51 | 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 | 0.50 | 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 | 0.50 | 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 | 0.63 | 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 | 0.62 | 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 | 0.60 | 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 | 0.59 | 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 | 0.57 | 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 | 0.54 | 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 | 0.67 | 1.02 | 0.38 | 0.86 |
| Aug 28, 2008 | 0.43 | 0.76 | 0.84 | 0.74 | — | 0.74 | 0.52 | 0.88 | 0.64 | 1.09 | 0.45 | 1.05 |
| Aug 30, 2007 | 0.38 | 0.52 | 0.86 | 0.91 | — | 0.69 | 0.59 | 1.22 | 0.49 | 1.15 | 0.48 | 1.09 |
| Aug 31, 2006 | 0.43 | 0.43 | 0.65 | 0.97 | — | 0.73 | 0.45 | 0.71 | 0.48 | 1.24 | 0.49 | 1.02 |
| Sep 1, 2005 | 0.61 | 0.80 | 0.52 | 0.62 | — | 0.80 | 0.52 | 1.04 | 0.44 | 1.23 | 0.45 | 0.89 |
Based on: 10-K (reporting date: 2026-09-03), 10-K (reporting date: 2025-08-28), 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 | |
|---|---|---|
| Sep 3, 2026 | 0.68 | — |
| Aug 28, 2025 | 0.45 | 0.52 |
| Aug 29, 2024 | 0.36 | 0.42 |
| Aug 31, 2023 | 0.24 | 0.43 |
| Sep 1, 2022 | 0.46 | 0.49 |
| Sep 2, 2021 | 0.47 | 0.52 |
| Sep 3, 2020 | 0.40 | 0.50 |
| Aug 29, 2019 | 0.48 | 0.54 |
| 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 | 0.67 |
| 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 | 0.68 |
| Aug 31, 2006 | 0.43 | 0.68 |
| Sep 1, 2005 | 0.61 | 0.73 |
Based on: 10-K (reporting date: 2026-09-03), 10-K (reporting date: 2025-08-28), 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 | |
|---|---|---|
| Sep 3, 2026 | 0.68 | — |
| Aug 28, 2025 | 0.45 | 0.60 |
| Aug 29, 2024 | 0.36 | 0.58 |
| Aug 31, 2023 | 0.24 | 0.61 |
| Sep 1, 2022 | 0.46 | 0.64 |
| 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 | 0.76 |
Based on: 10-K (reporting date: 2026-09-03), 10-K (reporting date: 2025-08-28), 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).