Oracle Corp. (NYSE:ORCL)

The analysis of the financial ratios over the reported periods reveals distinct trends and fluctuations in asset and equity utilization.

Net Fixed Asset Turnover

This ratio is first recorded at 6.26 and exhibits a general downward trend throughout the periods. Initially, it decreases moderately from a high of around 6.26 to approximately 5.37 within the first several quarters. Subsequently, the decline becomes more pronounced, falling below 3.0 after about three years, and continuing to decline steadily until reaching values close to 1.11 in the final periods. This pattern indicates a decreasing efficiency in generating sales from net fixed assets over time.

Total Asset Turnover

The total asset turnover ratio shows a relatively stable trend with minor fluctuations. Starting at 0.34, it slightly increases to a peak of approximately 0.39 in several intermediate quarters, maintaining that peak briefly before experiencing a gradual decline in the later periods to around 0.33. The overall movement suggests a consistent ability to generate revenue from total assets, with only slight variations over time.

Equity Turnover

The equity turnover ratio displays significant volatility and irregularities. Early periods show a gradual increase from 3.24 to a peak of 7.73, followed by several missing data points. Thereafter, the ratio exhibits extreme values with sharp spikes—rising dramatically to 46.56 before declining steadily over successive periods to approximately 2.44 by the end of the timeline. This highly fluctuating pattern may reflect substantial changes in equity levels or income, impacting the turnover calculation, and indicates periods of unusual equity utilization efficiency.

Overall, the data suggest a diminishing efficiency in the use of fixed assets to generate sales while maintaining relatively stable total asset turnover. Equity turnover, however, presents marked fluctuations pointing to possible significant equity structure changes or episodic income variations. These trends should be explored further to understand underlying operational or financial transformations affecting asset and equity management.

The quarterly financial data reveals several key trends pertinent to the operational and asset efficiency of the company over the analyzed periods.

Revenues

Revenues demonstrate a general upward trajectory from August 2019 through August 2025, increasing from $9,218 million to $14,926 million. While the growth is not strictly linear, there are noticeable fluctuations quarter to quarter. For example, revenues rose steadily from $9,218 million in August 2019 to above $11,839 million by May 2022, followed by some variability but an overall trend of increasing sales reaching a peak of approximately $15,903 million in May 2025. This pattern indicates expansion in sales or service volume with intermittent seasonal or market-driven variations.

Property, Plant, and Equipment (Net)

The net property, plant, and equipment base consistently increased over the period reviewed. Starting from $6,264 million in August 2019, the asset base grew substantially to exceed $53,194 million by August 2025. This steady and significant increase suggests ongoing capital investment in fixed assets, potentially indicating capacity expansion, modernization, or acquisition of new facilities and equipment.

Net Fixed Asset Turnover Ratio

The net fixed asset turnover ratio exhibits a pronounced declining trend from the point data becomes available around early 2020 through mid-2025. Initially strong at 6.26, it steadily drops to approximately 1.11 by May 2025. This decline implies diminishing efficiency in generating revenues from each dollar invested in fixed assets. Despite the increasing asset base and growing revenues, the rate at which revenues are generated per unit of fixed asset is falling, which may indicate overinvestment in assets or a lag in revenue growth relative to asset expansion.

Overall Insights

The data illustrate a company experiencing robust revenue growth supported by considerable investments in property, plant, and equipment. However, the decreasing net fixed asset turnover ratio raises concerns about asset utilization efficiency. The widening gap between asset growth and revenue generation suggests that while the company is expanding its asset base aggressively, it may need to emphasize improving operational efficiency or scaling revenue generation more effectively relative to its fixed asset investments in the future.

The revenue trend over the reported periods exhibits fluctuations with an overall upward trajectory. Initial revenues ranged from approximately 9,218 million USD to 10,440 million USD between August 2019 and May 2020, followed by a dip and subsequent recovery. The revenues peaked notably around May 2024 at nearly 15,903 million USD before slightly declining to 14,926 million USD by August 2025. This pattern indicates periods of growth interspersed with minor contractions, suggesting variability influenced by either market conditions or company-specific factors.

Total assets show a progressive increase over the timeline with certain periods of volatility. Starting at 106,229 million USD in August 2019, assets initially declined to 96,704 million USD by February 2020, then rose steadily reaching 168,361 million USD by November 2024 and further increasing to 180,449 million USD as of August 2025. This pattern reflects significant asset base expansion, indicative of potential investments, acquisitions, or asset revaluation contributing to the company's growth in asset holdings.

The total asset turnover ratio, representing revenues generated per unit of assets, exhibits relative stability with slight downward and upward variations. The ratio ranged roughly between 0.31 and 0.39 across the periods where data is available, showing a mild decline in mid periods followed by a gradual rebound towards the later dates. This suggests consistent efficiency in asset utilization with minor fluctuations that may correspond to changes in revenue performance or asset base size.

Overall, the data reveals a company experiencing growth in both revenue and asset base over the long term, with asset turnover remaining relatively stable. The increases in total assets outpace revenue growth in some intervals, explaining the slight decreases in asset turnover ratio. The volatility in revenues and asset turnover may warrant further investigation into operational efficiency and external economic influences to ensure sustained profitability and asset utilization efficiency.

Revenues

Show general growth from 9.2 billion USD to a peak of nearly 15.9 billion USD, with some volatility.

Total Assets

Increased substantially from 106 billion USD to over 180 billion USD, indicating asset expansion.

Total Asset Turnover Ratio

Maintained stability between 0.31 and 0.39, indicating consistent asset efficiency despite growth.

The financial data indicates that revenues exhibit a generally upward trend over the analyzed periods. Initial values start at approximately 9,218 million US dollars and gradually increase with some fluctuations, reaching a peak around 15,903 million US dollars before a minor decline to 14,926 million US dollars in the last period. This pattern suggests consistent revenue growth with occasional variability, potentially linked to seasonal or market conditions.

Total Oracle Corporation stockholders’ equity (deficit) reveals significant volatility across the quarters. Starting from a positive equity position at 18,433 million US dollars, equity declines steadily over several periods, turning negative between August 31, 2021, and November 30, 2021, reaching a low around -10,101 million US dollars. After this trough, a recovery phase is observed, with equity moving back into positive territory by May 31, 2023, and continuing an upward trend, reaching 24,154 million US dollars by the final period. This volatility may reflect substantial changes in asset valuations, liabilities, or corporate actions impacting shareholders' equity.

The equity turnover ratio data is sparse but indicates peaks and declines where available. Early values note a ratio increasing from 3.24 to 7.73, suggesting improved efficiency in generating revenues relative to equity during these periods. Later data shows a pronounced peak at 46.56, followed by a steady decline to 2.44 by the last period, signaling substantial changes in operational efficiency or asset utilization over time. These fluctuations underscore shifts in how effectively equity capital is used to generate revenues.

Overall, the data points to strong revenue growth alongside a period of financial restructuring or challenges affecting equity positions. The subsequent recovery in equity aligns with continued revenue expansion, while the equity turnover ratio shifts highlight changing dynamics in asset utilization and financial management efficiency.

Revenues

Consistent growth with seasonal fluctuations, increasing from 9,218 million to peaks near 15,903 million US dollars.

Stockholders’ Equity

High volatility with a drop from 18,433 million to negative territory near -10,101 million, followed by recovery to over 24,000 million US dollars.

Equity Turnover

Sparse data shows periods of improved efficiency with a peak ratio of 46.56, followed by a decline to below 3, indicating changing asset utilization over time.