Total Asset Turnover
since 2005
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Qualcomm Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Return on Equity (ROE) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Calculation
Qualcomm Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Sep 29, 2024 | = | ÷ | |||
| Sep 24, 2023 | = | ÷ | |||
| Sep 25, 2022 | = | ÷ | |||
| Sep 26, 2021 | = | ÷ | |||
| Sep 27, 2020 | = | ÷ | |||
| Sep 29, 2019 | = | ÷ | |||
| Sep 30, 2018 | = | ÷ | |||
| Sep 24, 2017 | = | ÷ | |||
| Sep 25, 2016 | = | ÷ | |||
| Sep 27, 2015 | = | ÷ | |||
| Sep 28, 2014 | = | ÷ | |||
| Sep 29, 2013 | = | ÷ | |||
| Sep 30, 2012 | = | ÷ | |||
| Sep 25, 2011 | = | ÷ | |||
| Sep 26, 2010 | = | ÷ | |||
| Sep 27, 2009 | = | ÷ | |||
| Sep 28, 2008 | = | ÷ | |||
| Sep 30, 2007 | = | ÷ | |||
| Sep 24, 2006 | = | ÷ | |||
| Sep 25, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).
1 US$ in millions
The financial data reveals several notable trends over the analyzed periods. Revenues exhibited an upward trajectory from 2005 through 2012, peaking at $19,121 million, followed by continued growth to $44,200 million in 2021. A decline occurred in 2022 to $35,820 million, with a moderate recovery to $38,962 million in 2024. This indicates periods of robust expansion with temporary fluctuations in recent years.
Total assets also increased consistently from $12,479 million in 2005 to $65,486 million in 2017, reflecting significant asset accumulation or investment. However, there was a sharp reduction by 2018 to $32,686 million, after which the asset base grew steadily again, reaching $55,154 million by 2024. This pattern suggests major restructuring or divestitures around 2017-2018, followed by renewed asset growth.
The total asset turnover ratio showed moderate variability throughout the years. Beginning at 0.45 in 2005, it fluctuated slightly with a trough at 0.34 in 2017. From 2018 onward, there is a marked improvement peaking at 0.90 in 2022 before easing to 0.71 in 2024. The rising turnover in recent years indicates enhanced efficiency in using assets to generate sales, although recent declines may suggest some operational adjustments or asset base changes.
- Revenue Trends
- Steady growth through 2012 with a peak in 2021, followed by volatility but a partial recovery by 2024.
- Asset Base
- Consistent growth until 2017, sharp decline in 2018, then recovery and growth resuming thereafter.
- Asset Turnover Ratio
- Relatively stable with fluctuations until 2017, then marked improvement indicating increased efficiency, with slight recent decline.
Overall, the data suggests a phase of expansion accompanied by asset growth and strong sales increases, interrupted by a significant contraction in asset size around 2017-2018. Post this period, improving asset efficiency and recovery in revenues are evident, reflecting efforts to optimize the asset base and sustain sales growth.
Comparison to Competitors
Qualcomm Inc., total asset turnover, long-term trends, comparison to competitors
| Qualcomm Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 29, 2024 | |||||||||||
| Sep 24, 2023 | |||||||||||
| Sep 25, 2022 | |||||||||||
| Sep 26, 2021 | |||||||||||
| Sep 27, 2020 | |||||||||||
| Sep 29, 2019 | |||||||||||
| Sep 30, 2018 | |||||||||||
| Sep 24, 2017 | |||||||||||
| Sep 25, 2016 | |||||||||||
| Sep 27, 2015 | |||||||||||
| Sep 28, 2014 | |||||||||||
| Sep 29, 2013 | |||||||||||
| Sep 30, 2012 | |||||||||||
| Sep 25, 2011 | |||||||||||
| Sep 26, 2010 | |||||||||||
| Sep 27, 2009 | |||||||||||
| Sep 28, 2008 | |||||||||||
| Sep 30, 2007 | |||||||||||
| Sep 24, 2006 | |||||||||||
| Sep 25, 2005 |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Qualcomm Inc., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Qualcomm Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Sep 29, 2024 | ||
| Sep 24, 2023 | ||
| Sep 25, 2022 | ||
| Sep 26, 2021 | ||
| Sep 27, 2020 | ||
| Sep 29, 2019 | ||
| Sep 30, 2018 | ||
| Sep 24, 2017 | ||
| Sep 25, 2016 | ||
| Sep 27, 2015 | ||
| Sep 28, 2014 | ||
| Sep 29, 2013 | ||
| Sep 30, 2012 | ||
| Sep 25, 2011 | ||
| Sep 26, 2010 | ||
| Sep 27, 2009 | ||
| Sep 28, 2008 | ||
| Sep 30, 2007 | ||
| Sep 24, 2006 | ||
| Sep 25, 2005 |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).
Comparison to Industry (Information Technology)
Qualcomm Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Qualcomm Inc. | Information Technology | |
|---|---|---|
| Sep 29, 2024 | ||
| Sep 24, 2023 | ||
| Sep 25, 2022 | ||
| Sep 26, 2021 | ||
| Sep 27, 2020 | ||
| Sep 29, 2019 | ||
| Sep 30, 2018 | ||
| Sep 24, 2017 | ||
| Sep 25, 2016 | ||
| Sep 27, 2015 | ||
| Sep 28, 2014 | ||
| Sep 29, 2013 | ||
| Sep 30, 2012 | ||
| Sep 25, 2011 | ||
| Sep 26, 2010 | ||
| Sep 27, 2009 | ||
| Sep 28, 2008 | ||
| Sep 30, 2007 | ||
| Sep 24, 2006 | ||
| Sep 25, 2005 |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).