Total Asset Turnover
since 2005
Calculation
NVIDIA Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jan 25, 2026 | 1.04 | = | 215,938) | ÷ | 206,803) |
| Jan 26, 2025 | 1.17 | = | 130,497) | ÷ | 111,601) |
| Jan 28, 2024 | 0.93 | = | 60,922) | ÷ | 65,728) |
| Jan 29, 2023 | 0.65 | = | 26,974) | ÷ | 41,182) |
| Jan 30, 2022 | 0.61 | = | 26,914) | ÷ | 44,187) |
| Jan 31, 2021 | 0.58 | = | 16,675) | ÷ | 28,791) |
| Jan 26, 2020 | 0.63 | = | 10,918) | ÷ | 17,315) |
| Jan 27, 2019 | 0.88 | = | 11,716) | ÷ | 13,292) |
| Jan 28, 2018 | 0.86 | = | 9,714) | ÷ | 11,241) |
| Jan 29, 2017 | 0.70 | = | 6,910) | ÷ | 9,841) |
| Jan 31, 2016 | 0.68 | = | 5,010) | ÷ | 7,370) |
| Jan 25, 2015 | 0.65 | = | 4,682) | ÷ | 7,201) |
| Jan 26, 2014 | 0.57 | = | 4,130) | ÷ | 7,251) |
| Jan 27, 2013 | 0.67 | = | 4,280) | ÷ | 6,412) |
| Jan 29, 2012 | 0.72 | = | 3,998) | ÷ | 5,553) |
| Jan 30, 2011 | 0.79 | = | 3,543) | ÷ | 4,495) |
| Jan 31, 2010 | 0.93 | = | 3,326) | ÷ | 3,586) |
| Jan 25, 2009 | 1.02 | = | 3,425) | ÷ | 3,351) |
| Jan 27, 2008 | 1.09 | = | 4,098) | ÷ | 3,748) |
| Jan 28, 2007 | 1.15 | = | 3,069) | ÷ | 2,675) |
| Jan 29, 2006 | 1.24 | = | 2,376) | ÷ | 1,915) |
| Jan 30, 2005 | 1.23 | = | 2,010) | ÷ | 1,629) |
Based on: 10-K (reporting date: 2026-01-25), 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
1 US$ in millions
The total asset turnover ratio for the period examined demonstrates a fluctuating pattern over the nineteen-year span. Initially, the ratio exhibited relative stability, followed by a period of decline, and then a significant increase in recent years.
- Initial Period (2005-2009)
- From 2005 to 2009, the total asset turnover ratio generally decreased. Starting at 1.23, it experienced a gradual decline to 1.02 in 2009. This suggests a decreasing efficiency in utilizing assets to generate revenue during this timeframe. While the decrease isn't dramatic year-over-year, the trend is consistently downward.
- Period of Lower Turnover (2010-2016)
- The years 2010 through 2016 represent a period of relatively low asset turnover, ranging between 0.57 and 0.93. The ratio reached its lowest point at 0.57 in 2014, indicating a substantial amount of assets were required to generate each dollar of revenue. A slight recovery is observed in 2015 and 2016, but the ratio remained below the levels seen in the earlier part of the period.
- Recovery and Growth (2017-2023)
- Beginning in 2017, the total asset turnover ratio began a noticeable upward trend. It increased from 0.70 to 0.93 in 2018, and then to 1.17 in 2023. This indicates improved efficiency in asset utilization, with the company generating more revenue per dollar of assets. This improvement coincides with a period of significant revenue growth.
- Recent Performance (2024-2026)
- The most recent years show a slight decrease in 2024 to 1.04, followed by a further decrease to 2026. While still above the lows experienced between 2010 and 2016, this suggests a potential stabilization or slight reduction in asset utilization efficiency after the strong gains observed in prior years. The ratio remains relatively high compared to the earlier portion of the analyzed period.
Overall, the total asset turnover ratio demonstrates a cyclical pattern. The company experienced a period of declining efficiency, followed by a substantial improvement, and a recent slight moderation. The significant increase in revenue in recent years appears to be a primary driver of the improved asset turnover ratio.
Comparison to Competitors
NVIDIA Corp., total asset turnover, long-term trends, comparison to competitors
| NVIDIA Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 25, 2026 | 1.04 | — | — | — | — | — | — | — | — | — | — |
| Jan 26, 2025 | 1.17 | 0.45 | 0.23 | 0.78 | 0.37 | 0.25 | 0.76 | 0.86 | 0.45 | 0.88 | 0.51 |
| Jan 28, 2024 | 0.93 | 0.37 | 0.20 | 0.79 | 0.31 | 0.27 | 0.64 | 0.80 | 0.36 | 0.71 | 0.44 |
| Jan 29, 2023 | 0.65 | 0.33 | 0.25 | 0.86 | 0.49 | 0.28 | 0.75 | 0.93 | 0.24 | 0.70 | 0.54 |
| Jan 30, 2022 | 0.61 | 0.35 | 0.24 | 0.96 | 0.45 | 0.35 | 0.73 | 1.00 | 0.46 | 0.90 | 0.74 |
| Jan 31, 2021 | 0.58 | 1.32 | 0.14 | 0.89 | 0.36 | 0.47 | 0.67 | 0.92 | 0.47 | 0.81 | 0.74 |
| Jan 26, 2020 | 0.63 | 1.09 | 0.26 | 0.77 | 0.31 | 0.51 | 0.63 | 0.69 | 0.40 | 0.66 | 0.75 |
| Jan 27, 2019 | 0.88 | 1.12 | 0.28 | 0.77 | 0.33 | 0.53 | 0.51 | 0.80 | 0.48 | 0.74 | 0.80 |
| Jan 28, 2018 | 0.86 | 1.42 | 0.30 | 0.97 | 0.42 | 0.55 | 0.72 | 0.89 | 0.70 | 0.70 | 0.92 |
| Jan 29, 2017 | 0.70 | 1.51 | 0.24 | 0.75 | 0.32 | 0.51 | 0.63 | 0.66 | 0.58 | 0.34 | 0.85 |
| Jan 31, 2016 | 0.68 | 1.29 | 0.43 | 0.74 | 0.26 | 0.52 | 0.60 | 0.48 | 0.45 | 0.45 | 0.81 |
| Jan 25, 2015 | 0.65 | 1.28 | 0.49 | 0.63 | 0.64 | 0.54 | 0.58 | 0.56 | 0.67 | 0.50 | 0.80 |
| Jan 26, 2014 | 0.57 | 1.46 | 0.42 | 0.69 | 0.41 | 0.61 | 0.53 | 0.58 | 0.73 | 0.55 | 0.74 |
| Jan 27, 2013 | 0.67 | 1.22 | 0.41 | 0.62 | 0.74 | 0.57 | 0.54 | 0.50 | 0.47 | 0.55 | 0.64 |
| Jan 29, 2012 | 0.72 | 1.36 | 0.48 | 0.72 | 0.83 | 0.63 | 0.62 | 0.33 | 0.57 | 0.44 | 0.64 |
| Jan 30, 2011 | 0.79 | 1.33 | 0.57 | 0.76 | 0.96 | 0.76 | 0.68 | 0.80 | 0.60 | 0.41 | 0.67 |
| Jan 31, 2010 | 0.93 | 1.31 | 0.64 | 0.87 | 0.97 | 0.69 | 0.47 | 0.86 | 0.58 | 0.36 | 1.04 |
| Jan 25, 2009 | 1.02 | 0.60 | 0.59 | 0.52 | 0.75 | 0.66 | 0.42 | 0.57 | 0.42 | 0.38 | 0.86 |
| Jan 27, 2008 | 1.09 | 0.76 | 0.84 | 0.74 | — | 0.74 | 0.52 | 0.88 | 0.43 | 0.45 | 1.05 |
| Jan 28, 2007 | 1.15 | 0.52 | 0.86 | 0.91 | — | 0.69 | 0.59 | 1.22 | 0.38 | 0.48 | 1.09 |
| Jan 29, 2006 | 1.24 | 0.43 | 0.65 | 0.97 | — | 0.73 | 0.45 | 0.71 | 0.43 | 0.49 | 1.02 |
| Jan 30, 2005 | 1.23 | 0.80 | 0.52 | 0.62 | — | 0.80 | 0.52 | 1.04 | 0.61 | 0.45 | 0.89 |
Based on: 10-K (reporting date: 2026-01-25), 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
NVIDIA Corp., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| NVIDIA Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jan 25, 2026 | 1.04 | — |
| Jan 26, 2025 | 1.17 | 0.52 |
| Jan 28, 2024 | 0.93 | 0.43 |
| Jan 29, 2023 | 0.65 | 0.43 |
| Jan 30, 2022 | 0.61 | 0.50 |
| Jan 31, 2021 | 0.58 | 0.53 |
| Jan 26, 2020 | 0.63 | 0.51 |
| Jan 27, 2019 | 0.88 | 0.55 |
| Jan 28, 2018 | 0.86 | 0.63 |
| Jan 29, 2017 | 0.70 | 0.49 |
| Jan 31, 2016 | 0.68 | 0.50 |
| Jan 25, 2015 | 0.65 | 0.58 |
| Jan 26, 2014 | 0.57 | 0.62 |
| Jan 27, 2013 | 0.67 | 0.58 |
| Jan 29, 2012 | 0.72 | 0.60 |
| Jan 30, 2011 | 0.79 | 0.68 |
| Jan 31, 2010 | 0.93 | 0.68 |
| Jan 25, 2009 | 1.02 | 0.59 |
| Jan 27, 2008 | 1.09 | 0.69 |
| Jan 28, 2007 | 1.15 | 0.69 |
| Jan 29, 2006 | 1.24 | 0.69 |
| Jan 30, 2005 | 1.23 | 0.73 |
Based on: 10-K (reporting date: 2026-01-25), 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Industry (Information Technology)
NVIDIA Corp., total asset turnover, long-term trends, comparison to industry (information technology)
| NVIDIA Corp. | Information Technology | |
|---|---|---|
| Jan 25, 2026 | 1.04 | — |
| Jan 26, 2025 | 1.17 | 0.60 |
| Jan 28, 2024 | 0.93 | 0.58 |
| Jan 29, 2023 | 0.65 | 0.61 |
| Jan 30, 2022 | 0.61 | 0.65 |
| Jan 31, 2021 | 0.58 | 0.62 |
| Jan 26, 2020 | 0.63 | 0.58 |
| Jan 27, 2019 | 0.88 | 0.59 |
| Jan 28, 2018 | 0.86 | 0.59 |
| Jan 29, 2017 | 0.70 | 0.51 |
| Jan 31, 2016 | 0.68 | 0.55 |
| Jan 25, 2015 | 0.65 | 0.63 |
| Jan 26, 2014 | 0.57 | 0.64 |
| Jan 27, 2013 | 0.67 | 0.66 |
| Jan 29, 2012 | 0.72 | 0.70 |
| Jan 30, 2011 | 0.79 | 0.73 |
| Jan 31, 2010 | 0.93 | 0.72 |
| Jan 25, 2009 | 1.02 | 0.69 |
| Jan 27, 2008 | 1.09 | 0.79 |
| Jan 28, 2007 | 1.15 | 0.76 |
| Jan 29, 2006 | 1.24 | 0.75 |
| Jan 30, 2005 | 1.23 | 0.77 |
Based on: 10-K (reporting date: 2026-01-25), 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).