Total Asset Turnover
since 2005
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Micron Technology Inc. pages available for free this week:
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Calculation
Micron Technology Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Aug 28, 2025 | = | ÷ | |||
| Aug 29, 2024 | = | ÷ | |||
| Aug 31, 2023 | = | ÷ | |||
| Sep 1, 2022 | = | ÷ | |||
| Sep 2, 2021 | = | ÷ | |||
| Sep 3, 2020 | = | ÷ | |||
| Aug 29, 2019 | = | ÷ | |||
| Aug 30, 2018 | = | ÷ | |||
| Aug 31, 2017 | = | ÷ | |||
| Sep 1, 2016 | = | ÷ | |||
| Sep 3, 2015 | = | ÷ | |||
| Aug 28, 2014 | = | ÷ | |||
| Aug 29, 2013 | = | ÷ | |||
| Aug 30, 2012 | = | ÷ | |||
| Sep 1, 2011 | = | ÷ | |||
| Sep 2, 2010 | = | ÷ | |||
| Sep 3, 2009 | = | ÷ | |||
| Aug 28, 2008 | = | ÷ | |||
| Aug 30, 2007 | = | ÷ | |||
| Aug 31, 2006 | = | ÷ | |||
| Sep 1, 2005 | = | ÷ |
Based on: 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 analysis of the financial data over the observed annual periods reveals notable trends in revenue, total assets, and total asset turnover ratios, highlighting shifts in operational efficiency and asset utilization.
- Revenue Trends
- Revenue exhibited a general upward trajectory from 2005 through 2019, increasing from approximately $4.88 billion to a peak exceeding $30 billion in 2018 and 2019. However, fluctuations are apparent, including a significant jump between 2012 and 2014, where revenue nearly doubled. After 2019, revenue declined sharply in 2020 to about $21.4 billion, followed by a recovery and growth to approximately $37.4 billion by 2025, indicating resilience and expansion in the latter years.
- Total Assets Trends
- Total assets increased substantially over the period, growing from $8.0 billion in 2005 to over $82.7 billion in 2025. This growth exhibits a generally steady upward trend with some acceleration in asset accumulation particularly noticeable after 2015. The increase suggests ongoing investments in physical and financial capital, potentially supporting expansion and capacity enhancement.
- Total Asset Turnover Ratio Trends
- The total asset turnover ratio shows variability with an overall decline in asset efficiency over the observed periods. Initially, the ratio was moderate at 0.61 in 2005 but declined to a low of 0.24 by 2024, followed by a slight improvement to 0.45 in 2025. This decline despite revenue growth suggests that assets have increased at a faster pace than revenue, possibly indicating underutilization of assets or investments not yet fully translating into revenue.
- Insights and Implications
- The simultaneous increase in assets and fluctuating revenue growth resulted in decreased asset turnover efficiency, pointing to potential challenges in maximizing returns on asset investments. The recovery of revenue after 2020 juxtaposed with low asset turnover ratios highlights the need for ongoing focus on operational efficiency to improve asset use. The data may imply strategic shifts such as capacity expansions, capital investments, or changes in market conditions affecting revenue generation rates relative to asset bases.
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 28, 2025 | |||||||||||
| Aug 29, 2024 | |||||||||||
| Aug 31, 2023 | |||||||||||
| Sep 1, 2022 | |||||||||||
| Sep 2, 2021 | |||||||||||
| Sep 3, 2020 | |||||||||||
| Aug 29, 2019 | |||||||||||
| Aug 30, 2018 | |||||||||||
| Aug 31, 2017 | |||||||||||
| Sep 1, 2016 | |||||||||||
| Sep 3, 2015 | |||||||||||
| Aug 28, 2014 | |||||||||||
| Aug 29, 2013 | |||||||||||
| Aug 30, 2012 | |||||||||||
| Sep 1, 2011 | |||||||||||
| Sep 2, 2010 | |||||||||||
| Sep 3, 2009 | |||||||||||
| Aug 28, 2008 | |||||||||||
| Aug 30, 2007 | |||||||||||
| Aug 31, 2006 | |||||||||||
| Sep 1, 2005 |
Based on: 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 | |
|---|---|---|
| Aug 28, 2025 | ||
| Aug 29, 2024 | ||
| Aug 31, 2023 | ||
| Sep 1, 2022 | ||
| Sep 2, 2021 | ||
| Sep 3, 2020 | ||
| Aug 29, 2019 | ||
| Aug 30, 2018 | ||
| Aug 31, 2017 | ||
| Sep 1, 2016 | ||
| Sep 3, 2015 | ||
| Aug 28, 2014 | ||
| Aug 29, 2013 | ||
| Aug 30, 2012 | ||
| Sep 1, 2011 | ||
| Sep 2, 2010 | ||
| Sep 3, 2009 | ||
| Aug 28, 2008 | ||
| Aug 30, 2007 | ||
| Aug 31, 2006 | ||
| Sep 1, 2005 |
Based on: 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 | |
|---|---|---|
| Aug 28, 2025 | ||
| Aug 29, 2024 | ||
| Aug 31, 2023 | ||
| Sep 1, 2022 | ||
| Sep 2, 2021 | ||
| Sep 3, 2020 | ||
| Aug 29, 2019 | ||
| Aug 30, 2018 | ||
| Aug 31, 2017 | ||
| Sep 1, 2016 | ||
| Sep 3, 2015 | ||
| Aug 28, 2014 | ||
| Aug 29, 2013 | ||
| Aug 30, 2012 | ||
| Sep 1, 2011 | ||
| Sep 2, 2010 | ||
| Sep 3, 2009 | ||
| Aug 28, 2008 | ||
| Aug 30, 2007 | ||
| Aug 31, 2006 | ||
| Sep 1, 2005 |
Based on: 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).