Dell Technologies Inc. (NYSE:DELL)

The financial data reveals several noteworthy trends in the company's performance and asset management over the evaluated periods.

Net Revenue

The net revenue exhibits a gradual increase from 2019 through 2023, rising from approximately 90.6 billion US dollars in early 2019 to a peak of around 102.3 billion US dollars by early 2023. However, a decline is observed in 2024, with revenue dropping to about 88.4 billion US dollars, before recovering to roughly 95.6 billion US dollars in early 2025. This pattern suggests a generally positive growth trend interrupted by a temporary downturn.

Total Assets

Total assets increase steadily from 2019 to 2021, moving from around 111.8 billion US dollars to approximately 123.4 billion US dollars. Following this peak, a significant reduction occurs in 2022, with assets declining sharply to about 92.7 billion US dollars and continuing downward to approximately 79.7 billion US dollars by early 2025. This marked decrease may indicate asset divestitures, restructuring, or other factors impacting asset holdings.

Total Asset Turnover

Total asset turnover starts below 1, declining slightly from 0.81 to 0.76 between 2019 and 2021, indicating decreasing efficiency in asset utilization during that period. A notable increase follows, with ratios rising above 1.0 starting in 2022 and peaking at 1.20 in early 2025. This change signals improved efficiency in generating revenue from assets, possibly related to the reduction in total assets and relatively stable revenue levels.

In summary, the company has experienced growth in net revenue up to 2023, followed by some volatility. Total assets grew until 2021 but declined substantially thereafter, coinciding with a significant improvement in asset turnover ratios, reflecting enhanced asset efficiency despite lower asset base. These insights highlight a shift towards better asset utilization concurrent with a leaner asset structure.