Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
NVIDIA Corp., long-term (investment) activity ratios
Based on: 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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | NVIDIA Corp. net fixed asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | NVIDIA Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | NVIDIA Corp. total asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | NVIDIA Corp. equity turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover
NVIDIA Corp., net fixed asset turnover calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 60,922) | 26,974) | 26,914) | 16,675) | 10,918) | 11,716) | |
| Property and equipment, net | 3,914) | 3,807) | 2,778) | 2,149) | 1,674) | 1,404) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 15.57 | 7.09 | 9.69 | 7.76 | 6.52 | 8.34 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 14.27 | 15.60 | 23.41 | 15.23 | 13.46 | |
| Analog Devices Inc. | — | 3.82 | 5.00 | 3.70 | 5.00 | 4.91 | |
| Applied Materials Inc. | — | 9.37 | 11.18 | 11.93 | 10.72 | 9.55 | |
| Broadcom Inc. | — | 16.63 | 14.94 | 11.69 | 9.52 | 8.81 | |
| Intel Corp. | — | 0.56 | 0.78 | 1.25 | 1.38 | 1.30 | |
| KLA Corp. | — | 10.17 | 10.84 | 10.44 | 11.17 | 10.18 | |
| Lam Research Corp. | — | 9.39 | 10.46 | 11.22 | 9.37 | 9.12 | |
| Micron Technology Inc. | — | 0.41 | 0.80 | 0.83 | 0.69 | 0.83 | |
| ON Semiconductor Corp. | — | 1.86 | 2.38 | 2.65 | 2.09 | 2.13 | |
| Qualcomm Inc. | — | 7.10 | 8.55 | 7.36 | 6.34 | 7.88 | |
| Texas Instruments Inc. | — | 1.75 | 2.91 | 3.57 | 4.42 | 4.35 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.66 | 2.11 | 2.32 | 2.12 | 2.13 | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | — | 3.51 | 4.14 | 4.44 | 4.23 | 4.27 | |
Based on: 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).
1 2024 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 60,922 ÷ 3,914 = 15.57
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | NVIDIA Corp. net fixed asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
NVIDIA Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 60,922) | 26,974) | 26,914) | 16,675) | 10,918) | 11,716) | |
| Property and equipment, net | 3,914) | 3,807) | 2,778) | 2,149) | 1,674) | 1,404) | |
| Operating lease assets | 1,346) | 1,038) | 829) | 707) | 618) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 5,260) | 4,845) | 3,607) | 2,856) | 2,292) | 1,404) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 11.58 | 5.57 | 7.46 | 5.84 | 4.76 | 8.34 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 10.21 | 11.96 | 15.37 | 11.50 | 9.55 | |
| Analog Devices Inc. | — | 3.52 | 4.51 | 3.24 | 4.07 | 4.91 | |
| Applied Materials Inc. | — | 8.28 | 9.56 | 10.35 | 9.27 | 9.55 | |
| Broadcom Inc. | — | 13.69 | 12.12 | 9.35 | 7.71 | 8.81 | |
| Intel Corp. | — | 0.56 | 0.78 | 1.24 | 1.36 | 1.28 | |
| KLA Corp. | — | 8.46 | 9.43 | 9.03 | 9.36 | 10.18 | |
| Lam Research Corp. | — | 8.30 | 9.19 | 9.90 | 8.06 | 9.12 | |
| Micron Technology Inc. | — | 0.40 | 0.78 | 0.82 | 0.68 | 0.83 | |
| ON Semiconductor Corp. | — | 1.76 | 2.22 | 2.48 | 1.98 | 2.04 | |
| Qualcomm Inc. | — | 6.34 | 7.62 | 6.62 | 5.64 | 7.88 | |
| Texas Instruments Inc. | — | 1.66 | 2.74 | 3.27 | 4.03 | 3.95 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.61 | 2.04 | 2.23 | 2.04 | 2.10 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | — | 3.08 | 3.59 | 3.79 | 3.60 | 3.99 | |
Based on: 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).
1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 60,922 ÷ 5,260 = 11.58
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | NVIDIA Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Total Asset Turnover
NVIDIA Corp., total asset turnover calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 60,922) | 26,974) | 26,914) | 16,675) | 10,918) | 11,716) | |
| Total assets | 65,728) | 41,182) | 44,187) | 28,791) | 17,315) | 13,292) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.93 | 0.65 | 0.61 | 0.58 | 0.63 | 0.88 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.33 | 0.35 | 1.32 | 1.09 | 1.12 | |
| Analog Devices Inc. | — | 0.25 | 0.24 | 0.14 | 0.26 | 0.28 | |
| Applied Materials Inc. | — | 0.86 | 0.96 | 0.89 | 0.77 | 0.77 | |
| Broadcom Inc. | — | 0.49 | 0.45 | 0.36 | 0.31 | 0.33 | |
| Intel Corp. | — | 0.28 | 0.35 | 0.47 | 0.51 | 0.53 | |
| KLA Corp. | — | 0.75 | 0.73 | 0.67 | 0.63 | 0.51 | |
| Lam Research Corp. | — | 0.93 | 1.00 | 0.92 | 0.69 | 0.80 | |
| Micron Technology Inc. | — | 0.24 | 0.46 | 0.47 | 0.40 | 0.48 | |
| ON Semiconductor Corp. | — | 0.62 | 0.70 | 0.70 | 0.61 | 0.65 | |
| Qualcomm Inc. | — | 0.70 | 0.90 | 0.81 | 0.66 | 0.74 | |
| Texas Instruments Inc. | — | 0.54 | 0.74 | 0.74 | 0.75 | 0.80 | |
| Total Asset Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.44 | 0.50 | 0.53 | 0.51 | 0.55 | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | — | 0.59 | 0.63 | 0.61 | 0.57 | 0.58 | |
Based on: 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).
1 2024 Calculation
Total asset turnover = Revenue ÷ Total assets
= 60,922 ÷ 65,728 = 0.93
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | NVIDIA Corp. total asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Equity Turnover
NVIDIA Corp., equity turnover calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 60,922) | 26,974) | 26,914) | 16,675) | 10,918) | 11,716) | |
| Shareholders’ equity | 42,978) | 22,101) | 26,612) | 16,893) | 12,204) | 9,342) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 1.42 | 1.22 | 1.01 | 0.99 | 0.89 | 1.25 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.41 | 0.43 | 2.19 | 1.67 | 2.38 | |
| Analog Devices Inc. | — | 0.35 | 0.33 | 0.19 | 0.47 | 0.51 | |
| Applied Materials Inc. | — | 1.62 | 2.11 | 1.88 | 1.63 | 1.78 | |
| Broadcom Inc. | — | 1.49 | 1.46 | 1.10 | 1.00 | 0.91 | |
| Intel Corp. | — | 0.51 | 0.62 | 0.83 | 0.96 | 0.93 | |
| KLA Corp. | — | 3.59 | 6.57 | 2.05 | 2.18 | 1.72 | |
| Lam Research Corp. | — | 2.12 | 2.74 | 2.43 | 1.94 | 2.07 | |
| Micron Technology Inc. | — | 0.35 | 0.62 | 0.63 | 0.55 | 0.65 | |
| ON Semiconductor Corp. | — | 1.06 | 1.35 | 1.47 | 1.49 | 1.67 | |
| Qualcomm Inc. | — | 1.66 | 2.45 | 3.37 | 3.87 | 4.94 | |
| Texas Instruments Inc. | — | 1.04 | 1.37 | 1.38 | 1.57 | 1.61 | |
| Equity Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.79 | 0.90 | 1.01 | 1.07 | 1.11 | |
| Equity Turnover, Industry | |||||||
| Information Technology | — | 1.44 | 1.61 | 1.67 | 1.65 | 1.65 | |
Based on: 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).
1 2024 Calculation
Equity turnover = Revenue ÷ Shareholders’ equity
= 60,922 ÷ 42,978 = 1.42
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | NVIDIA Corp. equity turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |