Total Asset Turnover
since 2010
Calculation
NXP Semiconductors N.V., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.53 | = | 11,063) | ÷ | 20,864) |
| Dec 31, 2020 | 0.43 | = | 8,612) | ÷ | 19,847) |
| Dec 31, 2019 | 0.44 | = | 8,877) | ÷ | 20,016) |
| Dec 31, 2018 | 0.44 | = | 9,407) | ÷ | 21,530) |
| Dec 31, 2017 | 0.38 | = | 9,256) | ÷ | 24,049) |
| Dec 31, 2016 | 0.38 | = | 9,498) | ÷ | 24,898) |
| Dec 31, 2015 | 0.23 | = | 6,101) | ÷ | 26,354) |
| Dec 31, 2014 | 0.82 | = | 5,647) | ÷ | 6,893) |
| Dec 31, 2013 | 0.75 | = | 4,815) | ÷ | 6,449) |
| Dec 31, 2012 | 0.68 | = | 4,358) | ÷ | 6,439) |
| Dec 31, 2011 | 0.63 | = | 4,194) | ÷ | 6,612) |
| Dec 31, 2010 | 0.58 | = | 4,402) | ÷ | 7,637) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
1 US$ in millions
The total asset turnover for the period between 2010 and 2021 exhibits three distinct phases: a period of increasing efficiency, a sharp contraction following a significant asset expansion, and a subsequent gradual recovery.
- Operational Efficiency Improvement (2010–2014)
- During the initial five-year period, a consistent upward trend in asset turnover is observed, rising from 0.58 in 2010 to a peak of 0.82 in 2014. This improvement was driven by steady revenue growth, which increased from 4,402 million US$ to 5,647 million US$, while the total asset base remained relatively stable or slightly declined from 7,637 million US$ to 6,893 million US$.
- Structural Asset Expansion (2015)
- A significant disruption in the turnover ratio occurred in 2015, where the value dropped sharply to 0.23. This decline was not caused by a loss of revenue—which continued to grow to 6,101 million US$—but by a massive increase in total assets, which surged from 6,893 million US$ to 26,354 million US$. The rapid expansion of the asset base far outpaced revenue growth, leading to a temporary reduction in asset utilization efficiency.
- Recovery and Stabilization (2016–2021)
- From 2016 onward, the total asset turnover shows a steady recovery trend, climbing from 0.38 in 2016 to 0.53 by 2021. This recovery is attributed to a combination of substantial revenue growth—reaching a peak of 11,063 million US$ in 2021—and a gradual reduction in the total asset base, which decreased from the 2015 peak to 20,864 million US$ by the end of the analyzed period.
Overall, while the asset turnover ratio remains below the 2014 peak, the trajectory since 2015 indicates a progressive optimization of the expanded asset base to generate higher levels of revenue.
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Comparison to Competitors
NXP Semiconductors N.V., total asset turnover, long-term trends, comparison to competitors
| NXP Semiconductors N.V. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 0.53 | 1.32 | 0.14 | 0.89 | 0.36 | 0.47 | 0.67 | 0.92 | 0.28 | 0.47 | 0.58 | 0.81 | 0.74 |
| Dec 31, 2020 | 0.43 | 1.09 | 0.26 | 0.77 | 0.31 | 0.51 | 0.63 | 0.69 | 0.24 | 0.40 | 0.63 | 0.66 | 0.75 |
| Dec 31, 2019 | 0.44 | 1.12 | 0.28 | 0.77 | 0.33 | 0.53 | 0.51 | 0.80 | 0.29 | 0.48 | 0.88 | 0.74 | 0.80 |
| Dec 31, 2018 | 0.44 | 1.42 | 0.30 | 0.97 | 0.42 | 0.55 | 0.72 | 0.89 | 0.51 | 0.70 | 0.86 | 0.70 | 0.92 |
| Dec 31, 2017 | 0.38 | 1.51 | 0.24 | 0.75 | 0.32 | 0.51 | 0.63 | 0.66 | 0.50 | 0.58 | 0.70 | 0.34 | 0.85 |
| Dec 31, 2016 | 0.38 | 1.29 | 0.43 | 0.74 | 0.26 | 0.52 | 0.60 | 0.48 | 0.50 | 0.45 | 0.68 | 0.45 | 0.81 |
| Dec 31, 2015 | 0.23 | 1.28 | 0.49 | 0.63 | 0.64 | 0.54 | 0.58 | 0.56 | 0.63 | 0.67 | 0.65 | 0.50 | 0.80 |
| Dec 31, 2014 | 0.82 | 1.46 | 0.42 | 0.69 | 0.41 | 0.61 | 0.53 | 0.58 | 0.62 | 0.73 | 0.57 | 0.55 | 0.74 |
| Dec 31, 2013 | 0.75 | 1.22 | 0.41 | 0.62 | 0.74 | 0.57 | 0.54 | 0.50 | 0.60 | 0.47 | 0.67 | 0.55 | 0.64 |
| Dec 31, 2012 | 0.68 | 1.36 | 0.48 | 0.72 | 0.83 | 0.63 | 0.62 | 0.33 | 0.59 | 0.57 | 0.72 | 0.44 | 0.64 |
| Dec 31, 2011 | 0.63 | 1.33 | 0.57 | 0.76 | 0.96 | 0.76 | 0.68 | 0.80 | 0.57 | 0.60 | 0.79 | 0.41 | 0.67 |
| Dec 31, 2010 | 0.58 | 1.31 | 0.64 | 0.87 | 0.97 | 0.69 | 0.47 | 0.86 | 0.54 | 0.58 | 0.93 | 0.36 | 1.04 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
NXP Semiconductors N.V., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| NXP Semiconductors N.V. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2021 | 0.53 | 0.52 |
| Dec 31, 2020 | 0.43 | 0.50 |
| Dec 31, 2019 | 0.44 | 0.54 |
| Dec 31, 2018 | 0.44 | 0.63 |
| Dec 31, 2017 | 0.38 | 0.49 |
| Dec 31, 2016 | 0.38 | 0.50 |
| Dec 31, 2015 | 0.23 | 0.58 |
| Dec 31, 2014 | 0.82 | 0.62 |
| Dec 31, 2013 | 0.75 | 0.58 |
| Dec 31, 2012 | 0.68 | 0.60 |
| Dec 31, 2011 | 0.63 | 0.67 |
| Dec 31, 2010 | 0.58 | 0.68 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Comparison to Industry (Information Technology)
NXP Semiconductors N.V., total asset turnover, long-term trends, comparison to industry (information technology)
| NXP Semiconductors N.V. | Information Technology | |
|---|---|---|
| Dec 31, 2021 | 0.53 | 0.62 |
| Dec 31, 2020 | 0.43 | 0.58 |
| Dec 31, 2019 | 0.44 | 0.59 |
| Dec 31, 2018 | 0.44 | 0.59 |
| Dec 31, 2017 | 0.38 | 0.51 |
| Dec 31, 2016 | 0.38 | 0.55 |
| Dec 31, 2015 | 0.23 | 0.63 |
| Dec 31, 2014 | 0.82 | 0.64 |
| Dec 31, 2013 | 0.75 | 0.66 |
| Dec 31, 2012 | 0.68 | 0.70 |
| Dec 31, 2011 | 0.63 | 0.73 |
| Dec 31, 2010 | 0.58 | 0.72 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).