Total Asset Turnover
since 2005
Calculation
Microsoft Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jun 30, 2026 | 0.44 | = | 331,839) | ÷ | 758,376) |
| Jun 30, 2025 | 0.46 | = | 281,724) | ÷ | 619,003) |
| Jun 30, 2024 | 0.48 | = | 245,122) | ÷ | 512,163) |
| Jun 30, 2023 | 0.51 | = | 211,915) | ÷ | 411,976) |
| Jun 30, 2022 | 0.54 | = | 198,270) | ÷ | 364,840) |
| Jun 30, 2021 | 0.50 | = | 168,088) | ÷ | 333,779) |
| Jun 30, 2020 | 0.47 | = | 143,015) | ÷ | 301,311) |
| Jun 30, 2019 | 0.44 | = | 125,843) | ÷ | 286,556) |
| Jun 30, 2018 | 0.43 | = | 110,360) | ÷ | 258,848) |
| Jun 30, 2017 | 0.37 | = | 89,950) | ÷ | 241,086) |
| Jun 30, 2016 | 0.44 | = | 85,320) | ÷ | 193,694) |
| Jun 30, 2015 | 0.53 | = | 93,580) | ÷ | 176,223) |
| Jun 30, 2014 | 0.50 | = | 86,833) | ÷ | 172,384) |
| Jun 30, 2013 | 0.55 | = | 77,849) | ÷ | 142,431) |
| Jun 30, 2012 | 0.61 | = | 73,723) | ÷ | 121,271) |
| Jun 30, 2011 | 0.64 | = | 69,943) | ÷ | 108,704) |
| Jun 30, 2010 | 0.73 | = | 62,484) | ÷ | 86,113) |
| Jun 30, 2009 | 0.75 | = | 58,437) | ÷ | 77,888) |
| Jun 30, 2008 | 0.83 | = | 60,420) | ÷ | 72,793) |
| Jun 30, 2007 | 0.81 | = | 51,122) | ÷ | 63,171) |
| Jun 30, 2006 | 0.64 | = | 44,282) | ÷ | 69,597) |
| Jun 30, 2005 | 0.56 | = | 39,788) | ÷ | 70,815) |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in millions
Analysis of financial performance between 2005 and 2026 reveals a period of substantial expansion in both revenue and total assets. While revenue grew from US$ 39,788 million in 2005 to a projected US$ 331,839 million by 2026, total assets increased more aggressively, rising from US$ 70,815 million to US$ 758,376 million over the same duration.
- Total Asset Turnover Volatility
- The total asset turnover ratio experienced a distinct peak between 2005 and 2008, rising from 0.56 to a high of 0.83. This period indicates a phase of high operational efficiency where revenue growth outpaced asset accumulation.
- Period of Efficiency Decline
- Following 2008, a sustained downward trend in asset turnover is evident, reaching a minimum of 0.37 in 2017. This decline coincides with a significant surge in total assets, suggesting that capital investments and asset acquisitions grew at a rate far exceeding the corresponding increase in annual revenue.
- Recent Stabilization and Projections
- From 2018 to 2022, the ratio showed a moderate recovery, peaking at 0.54 in 2022. However, projections through 2026 indicate a slight contraction, with the ratio expected to settle at 0.44. This suggests a continued trend of asset-heavy scaling to support revenue growth.
- Asset-Revenue Correlation
- The long-term trajectory shows that while revenue has scaled by over eight times, the asset base has expanded by more than ten times. This resulting compression in the asset turnover ratio reflects a fundamental shift in the business model toward more asset-intensive operations compared to the mid-2000s.
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Comparison to Competitors
Microsoft Corp., total asset turnover, long-term trends, comparison to competitors
| Microsoft Corp. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | 0.44 | — | — | — | — | — | — | 0.58 | 0.26 | — | 0.24 | 0.37 | — | — | 0.53 |
| Jun 30, 2025 | 0.46 | 1.07 | 0.81 | 0.75 | 0.52 | 0.52 | 0.44 | 0.51 | 0.34 | 0.50 | 0.39 | 0.37 | 0.51 | 0.15 | 0.47 |
| Jun 30, 2024 | 0.48 | 1.16 | 0.71 | 0.80 | 0.52 | 0.46 | 0.46 | 0.51 | 0.38 | 0.45 | 0.40 | 0.35 | 0.54 | 0.47 | 0.44 |
| Jun 30, 2023 | 0.51 | 1.25 | 0.65 | 0.61 | 0.72 | 0.54 | 0.46 | 0.52 | 0.37 | 0.49 | 0.48 | 0.32 | 0.52 | 0.57 | 0.46 |
| Jun 30, 2022 | 0.54 | 1.30 | 0.65 | 0.48 | 0.69 | 0.56 | 0.48 | 0.46 | 0.39 | 0.55 | 0.45 | 0.28 | 0.54 | 0.54 | 0.49 |
| Jun 30, 2021 | 0.50 | 1.17 | 0.58 | 0.45 | 0.68 | 0.43 | 0.43 | 0.62 | 0.31 | 0.47 | 0.42 | 0.32 | 0.55 | 0.48 | 0.50 |
| Jun 30, 2020 | 0.47 | 1.20 | 0.53 | — | 0.68 | 0.32 | 0.47 | 0.70 | 0.34 | 0.41 | 0.38 | 0.31 | 0.52 | 0.46 | 0.53 |
| Jun 30, 2019 | 0.44 | 1.45 | 0.54 | — | 0.70 | 0.35 | 0.51 | 1.08 | 0.36 | — | 0.44 | 0.43 | 0.57 | 0.52 | 0.51 |
| Jun 30, 2018 | 0.43 | 1.70 | 0.48 | — | 0.87 | — | 0.65 | 1.15 | 0.29 | — | 0.39 | 0.50 | 0.67 | 0.51 | 0.43 |
| Jun 30, 2017 | 0.37 | 1.62 | 0.50 | — | 0.80 | — | 0.63 | 1.27 | 0.28 | — | 0.51 | 0.48 | 0.57 | 0.50 | 0.50 |
| Jun 30, 2016 | 0.44 | 1.69 | 0.46 | — | 0.87 | — | 0.68 | 1.10 | 0.33 | — | 0.50 | 0.52 | 0.68 | 0.46 | 0.43 |
| Jun 30, 2015 | 0.53 | 1.80 | 0.41 | — | 0.72 | — | 0.74 | 0.84 | 0.34 | — | 0.47 | 0.50 | 0.56 | 0.44 | 0.33 |
| Jun 30, 2014 | 0.50 | 1.78 | 0.38 | — | 0.49 | — | 0.79 | 0.87 | 0.42 | — | 0.40 | 0.44 | 0.48 | 0.43 | 0.22 |
| Jun 30, 2013 | 0.55 | 1.80 | 0.39 | — | 0.60 | — | 0.79 | 0.76 | 0.45 | — | 0.68 | 0.55 | 0.36 | 0.45 | 0.29 |
| Jun 30, 2012 | 0.61 | 1.79 | 0.44 | — | 0.58 | — | 0.88 | 0.89 | 0.47 | — | 0.63 | 0.54 | 0.51 | 0.42 | — |
| Jun 30, 2011 | 0.64 | 1.74 | 0.47 | — | 0.65 | — | 0.92 | 0.75 | 0.48 | — | — | 0.54 | — | 0.46 | — |
| Jun 30, 2010 | 0.73 | 1.80 | 0.47 | — | 0.54 | — | 0.88 | 0.66 | 0.44 | — | — | 0.53 | — | 0.42 | — |
| Jun 30, 2009 | 0.75 | 1.89 | 0.40 | — | 0.60 | — | 0.88 | 0.66 | 0.49 | — | — | 0.73 | — | 0.46 | — |
| Jun 30, 2008 | 0.83 | 2.04 | 0.61 | — | 0.62 | — | 0.95 | 0.66 | 0.47 | — | — | 0.69 | — | 0.49 | — |
| Jun 30, 2007 | 0.81 | 2.00 | 0.55 | — | 0.42 | — | 0.82 | 0.63 | 0.52 | — | — | 0.75 | — | 0.46 | — |
| Jun 30, 2006 | 0.64 | 1.94 | 0.43 | — | 0.43 | — | 0.89 | 0.85 | 0.50 | — | — | 0.71 | — | 0.51 | — |
| Jun 30, 2005 | 0.56 | 1.91 | 0.81 | — | 0.39 | — | 0.86 | 0.75 | 0.57 | — | — | 0.63 | — | 0.46 | — |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Sector (Software & Services)
Microsoft Corp., total asset turnover, long-term trends, comparison to sector (software & services)
| Microsoft Corp. | Software & Services | |
|---|---|---|
| Jun 30, 2026 | 0.44 | — |
| Jun 30, 2025 | 0.46 | 0.46 |
| Jun 30, 2024 | 0.48 | 0.49 |
| Jun 30, 2023 | 0.51 | 0.51 |
| Jun 30, 2022 | 0.54 | 0.53 |
| Jun 30, 2021 | 0.50 | 0.49 |
| Jun 30, 2020 | 0.47 | 0.48 |
| Jun 30, 2019 | 0.44 | 0.50 |
| Jun 30, 2018 | 0.43 | 0.51 |
| Jun 30, 2017 | 0.37 | 0.47 |
| Jun 30, 2016 | 0.44 | 0.54 |
| Jun 30, 2015 | 0.53 | 0.59 |
| Jun 30, 2014 | 0.50 | 0.61 |
| Jun 30, 2013 | 0.55 | 0.66 |
| Jun 30, 2012 | 0.61 | 0.72 |
| Jun 30, 2011 | 0.64 | 0.75 |
| Jun 30, 2010 | 0.73 | 0.76 |
| Jun 30, 2009 | 0.75 | 0.79 |
| Jun 30, 2008 | 0.83 | 0.86 |
| Jun 30, 2007 | 0.81 | 0.81 |
| Jun 30, 2006 | 0.64 | 0.78 |
| Jun 30, 2005 | 0.56 | 0.77 |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Information Technology)
Microsoft Corp., total asset turnover, long-term trends, comparison to industry (information technology)
| Microsoft Corp. | Information Technology | |
|---|---|---|
| Jun 30, 2026 | 0.44 | — |
| Jun 30, 2025 | 0.46 | 0.60 |
| Jun 30, 2024 | 0.48 | 0.58 |
| Jun 30, 2023 | 0.51 | 0.61 |
| Jun 30, 2022 | 0.54 | 0.64 |
| Jun 30, 2021 | 0.50 | 0.62 |
| Jun 30, 2020 | 0.47 | 0.58 |
| Jun 30, 2019 | 0.44 | 0.59 |
| Jun 30, 2018 | 0.43 | 0.59 |
| Jun 30, 2017 | 0.37 | 0.51 |
| Jun 30, 2016 | 0.44 | 0.55 |
| Jun 30, 2015 | 0.53 | 0.63 |
| Jun 30, 2014 | 0.50 | 0.64 |
| Jun 30, 2013 | 0.55 | 0.66 |
| Jun 30, 2012 | 0.61 | 0.70 |
| Jun 30, 2011 | 0.64 | 0.73 |
| Jun 30, 2010 | 0.73 | 0.72 |
| Jun 30, 2009 | 0.75 | 0.69 |
| Jun 30, 2008 | 0.83 | 0.79 |
| Jun 30, 2007 | 0.81 | 0.76 |
| Jun 30, 2006 | 0.64 | 0.75 |
| Jun 30, 2005 | 0.56 | 0.76 |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).